Riyadh to be one of the 10 largest economies in the world. Crown Prince Mohammed bin Salman affirmed that global economies are not based on countries, but are based on cities and that cities are a very major axis of development, announcing that the Kingdom is targeting Riyadh to be one of the 10 largest city economies in the world, as it is today among the top 40 An economy in the world as a city.
Riyadh to be one of the 10 largest economies in the world – Crown Prince
During his participation in the Future Investment Initiative forum, the Crown Prince said, “There are so many opportunities in all regions of the Kingdom of Saudi Arabia, and we are working on strategies for all regions, and soon we will launch the Riyadh strategy.” He added, “We are also working on the strategy of the holy city of Makkah and the strategy of the eastern region. And the Asir region and all regions also come on the way, according to the opportunities and capabilities that they contain.
He revealed that Riyadh is one of the most important pillars of the Kingdom’s economic growth and constitutes about 50% of the non-oil economy of the Kingdom of Saudi Arabia, and in general we aim for Riyadh to be one of the 10 largest city economies in the world, while it is one of the 40 largest economies in the world as a city, and the cost of job creation It has 30% less than the rest of the kingdom’s regions, and the cost of developing infrastructure and real estate development in it is 29% less than the rest of the Kingdom’s cities, declaring that the infrastructure in Riyadh is very impressive because of what King Salman did over 55 years in managing and planning the city of Riyadh from 150 A thousand people, down to 7.5 million.
Prince Mohammed bin Salman added: Real development starts from cities, whether in industry, innovation, education, services, or tourism and other sectors, and there are very great opportunities to create huge economic growth in the Kingdom of Saudi Arabia to create an industry, create tourism and create great progress. Very, all the properties that Riyadh possesses give the potential to create jobs, create growth in the economy, create investments and create many opportunities.
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Prince Mohammed bin Salman said: We aim in Riyadh to reach from 7.5 million people to between 15 million and 20 million people in 2030, and we aim for Riyadh to be one of the most distinguished cities in the world in terms of quality of life, tourism, and services in one way or another, as it constitutes approximately 45% of the Saudi economy, and it accounts for more than 30% of the Kingdom’s population, and Riyadh is one of the enablers for the growth of the economy in the Kingdom of Saudi Arabia and the creation of jobs. Life and exploitation of tourism opportunities, opportunities for natural resources, and other opportunities. (Source; Okaz)
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