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Saudi Crown Prince Mohammed bin Salman revealed the launch of Riyadh’s strategy, saying: “We are working on strategies for other cities.”
During his participation in the fourth session of the Future Investment Initiative in a dialogue session titled “The Future of Riyadh”, Prince Mohammed bin Salman, during his meeting with the former Italian Prime Minister and a member of the Council Director of the Future Investment Initiative Foundation, Senator Matteo Renzi, said: Jobs, creating growth in the economy, creating investments, creating many opportunities, so we look at Riyadh with consideration. “
Riyadh accounts for 50% of the non-oil economy in Saudi Arabia
And in decisive language, Prince Mohammed bin Salman said: “We aim to make Riyadh one of the 10 largest urban economies in the world.”
While noting that the city of Riyadh constitutes 50% of the non-oil economy in Saudi Arabia, he said, “The cost of creating a job in Riyadh is 30% lower than in any other city, and the cost infrastructure and real estate development in Riyadh is 29% less than that of Saudi cities. “
Moreover, he revealed that the largest industrial city in the world will be announced in Riyadh.
“Riyadh’s infrastructure is wonderful thanks to what King Salman has been doing for 50 years,” he said.
While noting that Riyadh is one of the pillars of economic growth in Saudi Arabia, he said, “We aim for Riyadh’s population to reach 15-20 million by 2030”, noting that Riyadh is among the top 10 infrastructures in the world.
Riyadh is a great opportunity to create economic, industrial and tourism growth
In response to a question, Prince Mohammed bin Salman pointed out that Riyadh is a very big opportunity to create economic, industrial and tourism growth in Saudi Arabia.
He continued, “Riyadh aims to develop its infrastructure and improve the quality of life,” stressing that Riyadh’s strategy will be ambitious and will positively surprise the Saudis and the world.
Plans to create huge reserves around Riyadh
In a related context, he noted work on plans to establish huge reserves around Riyadh to improve its environmental status.
According to the statement by Crown Prince Mohammed bin Salman, the Kingdom plans to implement a Riyadh Green Program to afforest millions of trees in Riyadh city, which will reduce the temperature as well as the dust level, and it is also planned to establish huge reserves around Riyadh to improve the city’s environmental situation, in addition to environmental projects in the Kingdom of Saudi Arabia to be announced later.
As Prince Mohammed bin Salman declared that cities are a “major axis” of development, he stressed that world economies are based on cities and not on countries, as 85% of world economies come from cities, and this percentage will increase. at 95% in the coming period.
The activities of the fourth session of the Future Investment Initiative were launched yesterday in Saudi Arabia, a conference organized by several countries around the world under the title “New economic renaissance”.
The forum, which ends today, Thursday, in its fourth session, includes a group of CEOs, investors and policymakers, who will discuss ways to move into a new era of reinvention.
Some of the world’s most influential investors and technology leaders come together for two days for a truly global dialogue. SoftBank Group Chairman and CEO Masayoshi Son, Chairman and CEO and Co-Founder of Blackstone, Stephen Schwarzman, will discuss how to enable artificial intelligence to become an engine of economic renaissance and job growth , and how it can help provide solutions to global challenges in healthcare, climate change and others.
During the activities of the second day of the conference, speakers will discuss the kind of investments that a generation of entrepreneurs can create in the space field, and whether artificial intelligence will lead to the rebirth of the global economy, and one of the sessions will discuss the role of the pandemic in promoting digital currencies and innovative financial methods around the world.
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