info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Upcoming World’s Megaproject All Over the World

By Garvit Vyas , 26 April, 2023

The megaprojects are going on all over the globe. They have been growing more prominent globally, and most are centred in the Arab Gulf Region. The estimation by construction software company 1Build says before the decade ends, the world is supposed to see the first construction megaproject exceeding $1 trillion in cost estimation.

According to the reports, several projects are on their way to exceeding $100 billion. Four of the nine ongoing megaprojects identified by 1Build, Construction Review, and Construction Magazine, costing more than $100 billion, are built in the Arab Gulf States.

The project of Neom City is a collection of some futuristic towns and cities which are supposed to be built in North-western Saudi Arabia. The reports reveal that it is expected to house 45,000 people by 2026. The data also says another development, The Line, has received much attention for being planned as one of the wholly enclosed cities, 170 km in length, 500 meters in height, and 200 meters in width.

EU's Trans-European Transport Network is more expensive than the Neom city. The reports show that large-scale infrastructure upgradation is estimated to cost $600 billion, including building roads, railway lines, shipping routes, and other related structures in EU member countries for improving long-distance transport.

According to the information gathered, other megaprojects in the region also include the entertainment and tourism complex, Silk City in Northern Kuwait, and King Abdullah Economic City in the north of Jeddah in Saudi Arabia. All these will be home to the world's future tallest building.

Megaprojects are Getting Bigger and More Frequent

Megaprojects.jpg

Latest News

year-wise.png
China Plans to Manufacture Fastest Charging EV Batteries

China rightfully takes center stage in progress in ultra-fast charging EV batteries. As it appears, a Chinese electric vehicle manufacturer has emerged as a clear industry leader by developing the fastest charging battery in the world that can go…

Read More

CHINESE-BRANDS-2024.jpg
Chinese Tech Sector Strengthens, may Dominate Western Big Techs in the Future

Chinese market goes through significant economic changes in 2024. Globally, Chinese brands are climbing the ladder higher in the market. A 2024 survey shows the performance of some Chinese companies with the highest brand value. These companies help…

Read More

transition.png
Supply Chain Disruptions causes Slow Clean Energy Transition

There is a global race to clean energy sources because of climate change in 2024. However, there is a danger that the impending metal supply crisis will offset this gain. The move to renewable energy technologies greatly depends on critical minerals…

Read More

condition.png
Ag-Tech to Shape India’s Shaking GDP Rates

Indian economy is facing new challenges at the end of the month of 2024. India's gross domestic product (GDP) expanded to 6.7 percent in the second quarter of 2024. From April to June 2024, the Indian market began to shrink continuously. It led to a…

Read More

2030.png
Demand for Oil Slows Down but Not a Crash

Global oil demand reports show unbalanced statistics due to different analyses in two consecutive months of 2024. The International Energy Agency (IEA) states that global oil demand will decline by 2030. The report explains that fossil fuel demand…

Read More

Author Pic
Garvit Vyas

Analyst