Saudi begins work on $3.1bn New Taif development

January 11, 2018

undefinedundefinedThe Saudi government will be setting up a solar energy plant in the Taif region as part of its ambitious SR11bn ($3.1bn) development plan for a ‘new city’.

Located northeast of the current city of Taif, the new city is being built on an area of about 1,250 sq km.

The New Taif plan includes a new airport, Souq Okaz, a technology oasis, residential suburb, an industrial city and a university campus spread over a 1,250 sq km area.

It will also include establishment of solar panels on the bases and construction of management and security offices, according to local media.

Launched last year, King Abdulaziz City of Science and Technology (KACST) has already started building 600 bases for the solar plant.

A consortium of Consolidated Contractors Company (CCC), Aviation Security in Airport Development (Asiad), and Flughafen München GmbH, the operator of Munich Airport, have been appointed to develop and operate the airport.

The Technology Oasis project will come up on a 35mn sqm area and feature a power generating plant using solar energy with a production capacity of 1MW daily.

Located northeast of Taif, in the Makkah province, the new airport will be built at a cost of SR3.1bn over a sprawling 48mn sqm area by 2020.

The residential neighbourhood in the new city will comprise 10,000 housing units (split between villas, apartments and townhouses), an 11mn sqm industrial city and a 16.3mn sqm university city.

On completion, the $160mn residential district will accommodate 70,000 people.

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