From life-style to tourism: Saudi crown prince declares plans for Riyadh

Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud announced a capital strategy Riad Al Arabiya TV reported that it is one of the largest economies in the world.

As part of the strategy Saudi Arabia plans to increase the population of Riad from 7.5 million to 15-20 million in 2030, said the Crown Prince on the second day of the

Future Investment Initiative (FII) summit on Thursday, Xinhua news agency reported.

Riad That’s 50 percent of the country’s non-oil economy, and the cost of creating jobs in Riyadh is 30 percent lower than other cities in Saudi Arabia, while infrastructure and real estate development costs are 29 percent lower, he said.

The strategy also aims to improve Riyadh in terms of quality of life, tourism and education through different initiatives that cover different sectors, he added.

– IANS

int /

(Only the headline and image of this report may have been updated by Business Standard staff. The rest of the content is automatically generated from a syndicated feed.)

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