RIYADH, Jan 29 (NNN-SPA) – Saudi Arabia’s Crown Prince, Mohammed bin Salman bin Abdulaziz, announced a strategy for Riyadh to be one of the largest city economies in the world, Al Arabiya TV reported.
As part of the strategy, Saudi Arabia plans to increase the residents of Riyadh from 7.5 million to 15-20 million in 2030, the crown prince said, on the second day of the Future Investment Initiative (FII) Summit.
Riyadh represents 50 percent of the country’s non-oil economy, and the cost of the job creation in Riyadh is 30 percent less than other cities in Saudi Arabia, while the cost of infrastructure and real estate development is 29 percent less, he said.
The strategy also aims to improve Riyadh, in terms of quality of life, tourism, education by various initiatives covering different sectors, he added.– NNN-SPA
