Dubai, United Arab Emirates (CNN) – Saudi Crown Prince Mohammed bin Salman announced, on Thursday, the strategy for the city of Riyadh, which would make the city’s economy among the largest in the world, during his participation in the fourth session of the Future Investment Initiative conference .
The Saudi Crown Prince said that the city of Riyadh has very special advantages, as it represents about 50% of the non-oil economy in the Kingdom, which makes it “a very big opportunity to create huge economic growth in the Kingdom, and to create industry, tourism and very great progress. Therefore, attention must be given to Riyadh in a way. Big because it is one of the pillars of economic growth in the Kingdom. “
The prince said in a session with the former Italian Prime Minister, Senator Matteo Renzi, that Riyadh is today among the 40 largest economies in the world as a city, adding that his country aims “for Riyadh to be among the 10 largest city economies in the world … and we aim to reach a number The population will reach between 15 and 20 million in 2030, and that Riyadh will be one of the most distinguished cities in the world in terms of quality of life, tourism and services in one way or another.
The prince also stressed that the opportunities are very great in all Saudi regions, indicating that his country is working on strategies dedicated to all cities in the Kingdom according to the opportunities and capabilities available in them, explaining that the cost of creating jobs in Riyadh is 30% less than the rest of the cities in the Kingdom, and that the cost of developing Infrastructure and real estate infrastructure is 29% less than other Saudi cities.
