BNC report lists top Saudi development projects

New Jeddah Downtown — Phase 1
Updated 09 February 2018
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BNC report lists top Saudi development projects

A significant number of expansion and redevelopment projects are among the 10 highest value construction projects in Saudi Arabia, according to the latest “Top Projects in Saudi Arabia” report prepared by the BNC Network for The Big 5 Saudi. The multi-development expansion of Makkah’s Grand Mosque and the redevelopment of Jeddah’s downtown are included in the list.
The BNC report revealed that the expansion and redevelopment of existing structures and areas is a main theme.

1. Al-Faisaliya City
The $25 billion Al-Faisaliya City concept for the western coast of Makkah stands at the top of the BNC list in value. The development will spread across an area of 2,450 square kilometers and will provide 995,000 housing units to accommodate 6.5 million people.

2. Grand Mosque
With an estimated completion date of mid-2018, the $21.3 billion expansion project will be divided into three phases. The expansion will include the addition of a new seven-story building with 74 prayer halls, an ornate prayer hall spread over 250,000 square meters and a 5,000-square-meter central ceremonial area.

3. Dahiyat Al-Fursan
Valued at $20 billion and due for completion by 2020, the residential project involves the construction of 100,000 houses and infrastructure works.

4. Al-Ruwaid redevelopment
The Jeddah-based project is expected to be completed by 2030. It involves the redevelopment of Al-Ruwais district and transforming a slum area into an urban district.

5. King Abdullah Security Compounds — Phase 5
Phase 5 of the King Abdullah Security Compounds under development by the Ministry of Interior is valued at $8 billion and is expected to be completed this year. The entire project will involve the construction of 369 security compounds.

The other projects in the list include: Al-Shamiya and Mataf expansion, Mall of Saudi, New Jeddah Downtown — Phase 1, The Avenues — Al-Malqa, and Riyadh Medical Village.
Event Director for The Big 5 Saudi, Roni El-Haddad, said: “The call made by Saudi Vision 2030 to diversify KSA’s economy is driving construction activity across all markets; government plans to strengthen religious tourism anticipate an influx of pilgrims to the Grand Mosque and Mataf instigating its expansion, additionally there is increasing demand by young people for higher quality urban areas, the development of which currently makes up 70 percent of all construction activities in Saudi Arabia.”


STC wins Ookla award for fastest network in KSA

A man passes the Saudi Telecom STC office in Riyadh, Saudi Arabia February 6, 2018. (REUTERS)
Updated 20 January 2019
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STC wins Ookla award for fastest network in KSA

Ookla, the company behind Speedtest for internet testing and analysis, has recognized Saudi Telecom Company (STC) as the “fastest mobile network” in Saudi Arabia. STC achieved a speed score of 29.99 Mbps, with an average download speed of 32.95 Mbps.
The award is an outcome of millions of tests actively initiated by customers across the network to check internet speeds using various applications, and web and mobile platforms.
The Speedtest awards for top providers are determined using a “Speed Score” that incorporates a measure of each provider’s network speeds (download and upload) to rank network speed performance. The STC network was determined as the fastest in the Kingdom.
The telecom giant plans to increase this speed dramatically in the next couple of years to provide “impressive speeds and incorporate future services with KPIs (key performance indicators) targeting higher data rates, very low latency, massive device connectivity, IoT and energy efficiency services.” To achieve this, STC is transforming its existing network, upgrading its 4G-LTE network and rolling out the 5G network.
Haithem Al-Faraj, senior vice president, tech and ops, STC, said: “Our mission has always been to enrich society by providing second-to-none experience with the network. We are continuously improving our network speeds and rolling out new network technologies and services. STC 4G network is transforming all the time to provide remarkably faster speeds.”
He added: “We are also commercially rolling out the 5G network to introduce innovative services to our deserving customers in the Kingdom of Saudi Arabia and across the region. This esteemed Ookla award is a true manifestation of STC efforts to continually improve the network and get the network ready for the digital era, and to meet the Kingdom’s Vision 2030.”
We are very proud of this award and look forward to many similar awards and successes in the near future.”
STC is playing a pivotal role in the Kingdom’s Vision 2030 as an enabler for digital transformation in the public and private sectors and in the development of telecommunications and ICT infrastructure.