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Masar Destination
Masar Destination (), simply known as Masar, is a mixed-use real estate development project under construction in Mecca, Saudi Arabia. The Masar Destination project is developed by Umm Alqura for Development and Construction (UAQ), one of the companies owned by the Saudi Public Investment Fund. The project was officially announced by UAQ in June 2020. Masar will be 3.65 km long and 300 m wide, leading to the Masjid al-Haram. Masar will contribute to Saudi Arabia's Vision 2030 objective to increase the capacity to host pilgrims to 30 million by the year 2030. In addition, it is intended to diversify the Saudi economy away from oil by creating 16,000 jobs. History Masar, which means “path” in Arabic, was officially announced by Umm Alqura for Development and Construction Company on 28 June 2020 as part of Vision 2030. The destination is designed by architecture firms One Works and RMJM. In October 2022, Masar Destination closed a $2 billion deal to construct 7 towers inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Masar Destination Logo
Masar may refer to: People * Masar (surname) * Masar Caka (1946–2000), Albanian painter * Masar Ömer (born 1993), Finnish footballer Other * Masar Destination, an urban development project in Mecca, Saudi Arabia * Masar (horse), an Irish-bred racehorse * Maşar Dasht, a village in Iran * Masar Ghan, a village in Iran * Masar, a version of the Hejazi turban Hijazi, Hijazy, Hejazi or Hegazy () is an Arabic surname originally designating a person (or their ancestor) from the Hejaz region in Saudi Arabia. People Hijazi * Abdallah Hijazi, Lebanese basketball player * Ahmed Hijazi (poet), Egyptian contempo ... See also * * Masr (other) * Massar (other) {{Disambiguation, geo, surname ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Saudi Arabia
The economy of Saudi Arabia is highly reliant on its petroleum sector. Oil accounts for approximately 30% of Saudi GDP and 55% of government revenue, with substantial fluctuations depending on oil prices each year. The kingdom has the second-largest proven petroleum reserves, and the fourth-largest measured natural gas reserves. Saudi Arabia is currently the largest exporter of petroleum in the world. Other major parts of the economy include refining and chemical manufacturing from the oil reserves, much of which is vertically integrated in the state-owned enterprise, Saudi Aramco. Saudi Arabia is a permanent and founding member of OPEC. In 2016, the Saudi government launched its Saudi Vision 2030 program to reduce its dependency on oil and diversify its economic resources. By 2022, Saudi Arabia had only modestly reduced its dependence on oil. Monetary policy in Saudi Arabia is anchored by the fixed exchange rate of the Saudi Riyal to the U.S. Dollar. Nearly every maj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neom
Neom (styled NEOM; , ) is an arcology and planned city being built by Saudi Arabia in Tabuk Province. Launched in 2017 by crown prince Mohammad bin Salman, the site is at the northern tip of the Red Sea, due east of Egypt across the Gulf of Aqaba and south of Jordan. The total planned area of Neom is . Multiple regions are planned, including a floating industrial complex, global trade hub, tourist resorts, and a linear city powered by renewable energy sources. Saudi Arabia claimed that NEOM would create around 460,000 jobs and add an estimated $48 billion to the country's GDP. Thousands of people have been forcibly moved to make way for the project and villages have been razed. Much of the city is hoped to be completed by 2030, with the up coming Saudi VISION 2030 around the corner. though some experts have expressed skepticism about the ambitions of the megaproject. The project's estimated costs exceed $8.8 trillion (more than 25 times the annual Saudi budget). On 29 J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeddah Central
Jeddah Central () is a real-estate development project under construction in Jeddah, Saudi Arabia. Jeddah Central project is developed by Jeddah Central Development Company (JCDC), one of companies founded by the Saudi Public Investment Fund. The $20 billion project was officially announced by Crown Prince of Saudi Arabia, Crown Prince Mohammed bin Salman in December 2021. It will cover a total area of 5.7 km2. As part of Saudi Vision 2030, Saudi Arabia's Vision 2030 to diversify the Economy of Saudi Arabia, Saudi economy away from oil, JCDC says that the project will create 25,000 jobs and contribute more than $12.5 billion to Saudi Arabia's national Gross domestic product, GDP by the year 2030. The project will go through 3 phases, with the first one set to be completed by the end of 2027. Upon completion, the project will include 2,700 hotel rooms and 17,000 residential units. Background The first phase of the project, which makes up 45%, is planned to be completed by the e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rua Al Madinah
Rua Al Madinah () is a real estate development project under construction in Medina, Saudi Arabia. The Rua Al Madinah project was developed by Rua Al Madinah Holding Company, one of the companies founded by the Saudi Public Investment Fund. The project was officially announced by Crown Prince Mohammed bin Salman in August 2022. Once complete, the project will allow Medina to host up to 30 million Umrah pilgrims by 2030. The project will cover a total area of 1.5 km2. As part of Saudi Arabia's Vision 2030 to diversify the Saudi economy away from oil, Rua Al Madinah Holding Co. says that the project will create 93,000 jobs and contribute more than $37.25 billion to Saudi Arabia's national GDP by the year 2030. The first phase of the project is set to be completed by 2026. By 2030, Rua Al Madinah aims to construct 47,000 hotel rooms. History Central Jeddah was officially announced by Crown Prince Mohammed bin Salman on 24 August 2022 as part of Vision 2030. In February 2023, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Future Investment Initiative Institute
The Future Investment Initiative Institute, or FII Institute, is a non-profit organisation run by the Public Investment Fund, Saudi Arabia's main sovereign wealth fund. The Future Investment Initiative was announced in September 2017 by Saudi Arabia's Public Investment Fund, to "host an annual event bringing people together to invest in the most promising solutions". This has to be seen in the context of the Saudi Vision 2030 program of economic and social reform. Conferences The first conference of the Future Investment Initiative took place October 2017 in Riyadh. The meeting brings together policymakers, investors, entrepreneurs, and young leaders to discuss international investment and the global economy. In an address to the conference, Crown Prince Mohammad bin Salman said Saudi Arabia was returning to a more moderate form of Islam "open to all religions and to the world". The event was colloquially referred to by some media and commentators as "Davos in the Desert". The W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RMJM
RMJM (Robert Matthew Johnson Marshall) is one of the largest architecture and design networks in the world. Services include architecture, development management, engineering, interior design, landscape design, lead consultancy, master planning, product design, specialist advisory services, and urban design. The network caters to a wide range of clients in multiple different sectors including mixed-use, education, healthcare, energy, residential, government and hospitality."RMJM History & Services" RMJM Architecture & Masterplanning Ltd., ''RMJM Website'', 25 June 2015 Specific services are also available through global PRO studios: RMJM Sport, RMJM Healthcare, RMJM DX and RMJM PIM. Founded in 1956 by architects Robert Matthew and [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Vision 2030
Saudi Vision 2030 (, sometimes called Project 2030) is a government program launched by Saudi Arabia which aims to achieve the goal of increased diversification economically, socially, and culturally, in line with the vision of Saudi crown prince and prime minister Mohammed bin Salman. It was first announced on 25 April 2016 by the Saudi government. The Council of Ministers has tasked the Council of Economic and Development Affairs (CEDA) with identifying and monitoring the mechanisms and measures crucial for the implementation of "Saudi Arabia's Vision 2030". Despite efforts to reduce Saudi dependence on oil, , Saudi Arabia remains heavily dependent on oil revenue, as measured by its contribution to gross domestic product (GDP), fiscal revenue, and exports. Oil accounted for approximately 40% of Saudi GDP and 75% of its fiscal revenue. Additionally, the program is facing strong criticism from human rights advocates, with allegedly over 21,000 workers having died on the job ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Masar Destination Illustration
Masar may refer to: People * Masar (surname) * Masar Caka (1946–2000), Albanian painter * Masar Ömer (born 1993), Finnish footballer Other * Masar Destination, an urban development project in Mecca, Saudi Arabia * Masar (horse), an Irish-bred racehorse * Maşar Dasht, a village in Iran * Masar Ghan, a village in Iran * Masar, a version of the Hejazi turban Hijazi, Hijazy, Hejazi or Hegazy () is an Arabic surname originally designating a person (or their ancestor) from the Hejaz region in Saudi Arabia. People Hijazi * Abdallah Hijazi, Lebanese basketball player * Ahmed Hijazi (poet), Egyptian contempo ... See also * * Masr (other) * Massar (other) {{Disambiguation, geo, surname ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Masjid Al-Haram
Masjid al-Haram (), also known as the Sacred Mosque or the Great Mosque of Mecca, is considered to be the most significant mosque in Islam. It encloses the vicinity of the Kaaba in Mecca, in the Mecca Province of Saudi Arabia. It is among the pilgrimage sites associated with the Hajj, which every Muslim must perform at least once in their lives if able. It is also the main site for the performance of ʿUmrah, the lesser pilgrimage that can be undertaken any time of the year. The rites of both pilgrimages include circumambulating the Kaaba within the mosque. The Great Mosque includes other important significant sites, such as the Black Stone, the Zamzam Well, Maqam Ibrahim, and the hills of Safa and Marwa. the Great Mosque is both the largest mosque in the world, and the most expensive building in the world. It has undergone major renovations and expansions through the years. It has passed through the control of various caliphs, sultans and kings, and is now under the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
