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In the dynamic startup capital of Saudi Arabia, it is one of the main sponsors for STEP & LEAP. It primarily serves as a key supporter for proof of concept (PoC) initiatives in the early stages of venture capital companies.
A new development area in Riyadh. The budget is $63 billion. The Crown Prince is the chairman. It covers an area of 14 million square meters, with the castle where the Saudi family originated as its core. It has 38 hotels and nine museums. In addition to accommodating 100,000 residents, it also hopes to attract 100 million tourists. It will be the world's largest pedestrian heritage tourist area, all built on smart city technology.
This will be the largest cultural “pedestrian friendly” city in the world: Jerry Inzerillo
In charge of the Saudi Special Economic Zone. Special economic zones are located on the southern coast of the Red Sea in Saudi Arabia, near the Red Sea city of Jeddah, on the coast of the Arabian Gulf near oil production areas, and in the Cloud Special Economic Zone in Riyadh.
The largest consumer and leisure holding company in Saudi Arabia. Formosa+ has a comprehensive strategic partnership with the group, and its development projects include, but are not limited to, medical tourism to Taiwan, construction of hospitals in Saudi Arabia, and the establishment of multiple data centers across Saudi Arabia.
Saudi Industrial Technology Research Institute. Formosa+ stood out from competitors from all over the world and became a strategic partner of the organization, responsible for one of the Crown Prince's major directives. KACST will be the site of the Cloud Special Economic Zone, one of four major special economic zones under construction in Saudi Arabia. International travelers can take the MRT directly from Riyadh Airport to KACST without a visa.
Responsible for Saudi communications, space, and information technology.
Responsible for Saudi cultural affairs. The Saudi film industry and fashion industry are both under the jurisdiction of this department.
Responsible for urban and rural construction in Saudi Arabia. Plans to complete 50 smart city projects by 2030. Formosa+ is in discussions to become a major smart city provider.
Responsible for transportation, transportation and logistics in Saudi Arabia. Collaborate with Oxagon, Formosa+’s future strategic partner, on various SCM initiatives.
Saudi Arabia’s Vision 2030 flagship project has a budget of over $1 trillion.
NEOM's innovative R&D and engineering center, Saudi Red Sea new port and logistics center, new industrial park, and the world's largest floating city.
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Saudi Arabia’s new airline. It was opened on the order of the Crown Prince and planned to become Saudi Arabia's flagship airline.
Responsible for the construction of Riyadh Airport, including the new King Salman Airport, the largest in the world. The president of the company is a state minister and was previously the Saudi Deputy Minister of Industry, Mining and Metallurgy.
Responsible for the conservation and development of the Red Sea, such as protecting the world's largest coral reef and developing Red Sea tourism and real estate. The budget is $28 billion.
Responsible for the protection and development of Saudi Arabia's most important cultural heritage. Al-Ula is the most important capital of the Nabataeans, along with Petra, one of the New Seven Wonders of the World. Previously, Saudi Arabia did not develop the tourism industry, but now the country plans to develop Al-Ula into a nature conservation center with cultural monuments as its core, a cultural exchange center, and a creative innovation base.
Responsible for the construction and development of Jubail on the Arabian Gulf and Yanbu on the Red Sea. One of the goals is the industrial park. The president of the Royal Commission is an important minister of the country. He was previously the director of industrial development in Saudi Arabia and the general manager of the largest petrochemical company.
The unit in charge of data and artificial intelligence across Saudi Arabia reports directly to the Crown Prince.
Riyadh's multi-functional urban leisure activity world includes sports, art galleries, museums, walking trails, restaurants, shopping streets, etc. The total length is 135 kilometers.
Riyadh STUNNING Sports Boulevard in Saudi Arabia for 2030 Revealed!
The Saudi Vision 2030 is the most representative project, featuring a linear 3D city spanning a total length of 175 kilometers. The total budget is 500 billion US dollars.
The Line Actually Begins Construction
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Incubation and accelerator for startups under the responsibility of KACST. The project aims to establish at least ten semiconductor-related companies.
The department is responsible not only for general communication and information technology but also for promoting the development of artificial intelligence, digital currency, blockchain, IoT, and AR/Metaverse.
The NTDP is a national initiative that, through collaboration with stakeholders, utilizes various methods to achieve sustainable development, thereby contributing to the enhancement and assurance of the effectiveness of the technological ecosystem. The MVP Lab is its newly established accelerator.
It will become the world's largest theme park, covering an area of 360 square kilometers. One of the projects is the world's largest Six Flags amusement park, with a budget of 3.75 billion US dollars.
Overseeing the Saudi Arabian tourism industry. From strict pilgrimage visas in the past to now having many countries offering visa-on-arrival. From having no regular tourists to becoming a major player in the tourism sector.
The Islamic holy site is undergoing a large-scale construction transformation.
Attracting international investment and facilitating the integration of international projects with Saudi resources.
Saudi Arabia's major university. The crown prince graduated from this school. Form a close partnership with Formosa+.
A technology company established by bin Dayel, a prominent Saudi family, and directly managed by the head of the family.
Venture capital set up by the world's largest oil company.
It is a leading manufacturing company in Saudi Arabia established by the Saudi sovereign fund PIF and chaired by the crown prince. Semiconductors are one of the company's projects.
A venture capital company established by Prince Khalid bin Waleed. The prince is a famous vegetarian.
A well-known venture capital company in Saudi Arabia.