ASTROLABS HELPS BUSINESSES TAP INTO THE $36 BILLION OPPORTUNITY IN QIDDIYA, A KEY PART OF SAUDI ARABIA’S VISION 2030
As the Gulf’s leading business expansion platform for high-growth companies, AstroLabs supports global companies to expand to Saudi Arabia, an increasingly favored expansion destination with projects like Qiddiya offering vast potential.
Developed by the Qiddiya Investment Company (QIC), a subsidiary of the Public Investment Fund (PIF), Qiddiya is a centerpiece of the Kingdom’s Vision 2030 plan, transforming 330 square kilometers of land into a dynamic hub for entertainment, culture, and sports.
Strategically located just 40 kilometers west of Riyadh, Qiddiya is set to be the capital of entertainment in the Kingdom, with an array of attractions including theme parks, sports complexes, residential areas, and more.
The opportunities are vast for companies across multiple sectors, including construction, infrastructure, hospitality, and IT.
With AstroLabs as your trusted partner, international businesses can navigate the booming Saudi market and position themselves to benefit from the influx of growth, particularly in Qiddiya. Our expertise in supporting businesses on large-scale projects ensures that you can enter this high-potential market seamlessly. For companies interested in expanding to Saudi Arabia, click here to learn more about how AstroLabs can support your business journey.
KEY OPPORTUNITIES IN QIDDIYA FOR GLOBAL COMPANIES
- Construction: Entertainment Venues and Sports Facilities Qiddiya is set to feature 43 sports facilities, including an F1 track and 12 theme parks. Qiddiya is set to feature 43 sports facilities, including an F1 track and 12 theme parks.
- Infrastructure: Roads and Utilities QIC has awarded $500 million in contracts for roads, utilities, and transport links, with more bids expected soon.
- Hospitality: Restaurants and Cafes Aquarabia, Qiddiya’s largest theme park, will house 22 dining venues and eight retail outlets.
- Entertainment: E-sports and Gaming Qiddiya will feature the world’s first fully gamified esports district, bringing new opportunities for digital and tech-focused companies.
- IT: Green Technologies Prince Mohammed Bin Salman Stadium in Qiddiya will integrate cutting-edge technology, making it a global leader in digital sports engagement.
QIDDIYA’S HOSPITALITY AND REAL ESTATE BOOM
With over 48 million annual visitors expected, Qiddiya presents significant opportunities for global hospitality and real estate brands. The demand for luxury resorts, mid-range hotels, and serviced apartments is set to soar as Qiddiya attracts a wave of tourists and residents.
Qiddiya’s largest theme park, Aquarabia, will be home to over 22 restaurants and cafes, adding to the thriving retail and dining scene. The Performing Arts Center will attract 800,000 visitors annually, creating further opportunities for hospitality businesses to cater to an eager audience. The center will host art galleries, museums, and festivals, fueling growth in retail spaces and luxury dining.
AstroLabs can help hospitality and real estate companies leverage these opportunities, offering streamlined entry into the Saudi market. With our expertise, companies can take advantage of the unprecedented demand for luxury accommodations and lifestyle experiences in Qiddiya.
Qiddiya is also set to feature hotels and resorts, with the Water Park Hotel scheduled for completion in January 2026. As the project advances, AstroLabs ensures that international brands can capitalize on this growth by offering strategic business expansion solutions.
INFRASTRUCTURE DEVELOPMENT: BIG PROJECTS AHEAD
Qiddiya’s infrastructure needs are vast, offering ample opportunities for construction and utilities companies. In 2023, QIC awarded a $610 million contract to a joint venture between Saudi Real Estate Infrastructure Company (Binyah) and InfraRoad Trading & Contracting for building roads, utility networks, and pedestrian bridges. More contracts, including a $500 million package for roads, utilities, and tunnels, are expected in the coming years.
The construction sector will continue to thrive with new contracts being awarded as Qiddiya expands. As Saudi Arabia accelerates its infrastructure development, AstroLabs can help your business navigate regulatory processes and ensure a smooth entry into this lucrative market.
With the announcement of a second water theme park in Qiddiya City, the need for utilities, transportation, and water management infrastructure is expected to increase. For global companies specializing in construction and infrastructure, AstroLabs is your go-to partner for business expansion and growth in the region.
TECHNOLOGY AND ENTERTAINMENT: THE FUTURE OF DIGITAL EXPERIENCES
Qiddiya is Saudi Arabia’s first giga-project dedicated entirely to entertainment, making it an ideal location for tech companies specializing in gaming, esports, and digital experiences. The fully gamified esports district in Qiddiya will house 25 esports organizations and 30 gaming companies, providing exceptional opportunities for businesses focused on digital innovation.
The Prince Mohammed Bin Salman Stadium in Qiddiya will feature the largest indoor LED screen for esports, real-time data access, and cutting-edge fan engagement technologies. This venue will redefine the future of entertainment and sports in the Kingdom, offering tech companies a platform to showcase innovative solutions.
For businesses in the IT and green technologies space, AstroLabs offers comprehensive support to enter Qiddiya and other megaprojects, helping you leverage the demand for sustainable solutions, renewable energy, and smart technologies in Saudi Arabia.
How Can Global Companies Expand Seamless to Saudi?
As the Gulf’s leading business expansion platform, AstroLabs has successfully guided over 650+ companies to Saudi Arabia, including 100 construction companies that are working on mega-projects such as the Red Sea Project, Amaala, and NEOM.
From obtaining licenses to establishing a local presence, AstroLabs offers end-to-end business support, ensuring a smooth entry into the Saudi market. With Qiddiya set to become a global entertainment and luxury destination, there has never been a better time to invest in Saudi Arabia.
LEARN HOW ASTROLABS CAN HELP YOUR BUSINESS EXPANSION TO THE KINGDOM, INCLUDING COMPANY LICENSING IN SAUDI ARABIA AND POST-INCORPORATION SERVICES.
EXPLORE MORE OPPORTUNITIES ACROSS DIFFERENT GIGA PROJECTS, INCLUDING, QIDDIYA, RED SEA AND NEOM.
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