PIF’s giga-projects, designed to create new ecosystems and unlock new sectors, are heavily enabled by and promote technology and knowledge in Saudi Arabia. The giga-projects are designed to stimulate the economy and their benefits are expected to expand significantly beyond the real estate and infrastructure sectors, helping to diversify the economy away from oil, especially given their sheer scale. They support the Kingdom’s economic transformation efforts and promote investments in several sectors, while achieving high returns over the medium and long terms. There are currently five giga-projects in the Kingdom: