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CarePoint Global Business Plan
Saudi Arabia has the Gulf Region’s largest IT market, and the NTP outlines USD 4 billion in
ICT initiatives over the next five years. Important growth sectors include cyber security,
smart grid, and command/control of major infrastructure utilizing geospatial IT systems.
The Saudi healthcare market is expected to continue to provide excellent opportunities
for U.S. firms. The healthcare sector is expected to open further to public-private
partnerships. Saudi Arabia is also facing increased demand for healthcare services to
treat non-communicable diseases, such as cardiovascular disease and diabetes.
CONFIDENTIAL
Saudi Mega Projects:
Saudi Arabia is the Middle East’s largest construction site. There are more than 80 mega
projects, each worth at least USD 1 billion, being built or planned for construction by 2030.
NEOM: The SAG plans to build this USD 500 billion mega-city that will measure 10,230 square miles in Tabuk, Saudi
Arabia, close to the border region of Saudi Arabia and Egypt. NEOM will reportedly run on 100% renewable energy.
In 2018, the Kingdom started awarding contracts to build palaces at the NEOM development site.
King Abdullah Economic City in Rabigh: Positioned on the Red Sea north of Jeddah, this project is valued at USD 27
billion. The master developer is Emaar.
Th e Economic City in Rabigh includes a port and logistics, financial center, industry, and services. It is estimated
that two million people will reside there and that one million jobs will be created.
The Knowledge Economic City in Madinah: This USD 7 billion project across 4.8 million square miles will create
20, 000 new jobs and be home to approximately 200,000 people. It will include an education-entertainment Islamic
theme park, shopping complex, hotels and public transport. The master developer is Quad International.
Jazan Economic City: This project focuses on heavy industry and agribusiness in the southwest of the Kingdom, and
covers 100 million square miles. The USD 27 billion city will bring 500,000 new jobs and a population of 250,000.
Two-thirds of the city will be industrial parks, and it will also provide a seaport.
King Abdullah Bin Abdulaziz Security Forces Medical Complexes: These two separate medical cities for security
for ces are being developed in Riyadh and Jeddah on behalf of the Kingdom’s Interior Ministry. This is KSA’s largest
medical project, and the largest medical project in the GCC. Project value is estimated USD 6.7 billion
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