Saudi Arabia plans $23 billion remake of its capital Riyadh. Saudi Arabia government made this announcement as a part of a massive beautification project for its capital.
This plan aims to improve quality of life for the residents
as well as support the opening up of the country’s tourism sector. The project will
include recreational areas, more than 1,000 art installations, and green space.
In addition, under the Kingdom’s Vision 2030 initiative, the plan will create private
A goal of this initiative is to add private sector jobs and expand oil-rich monarchy’s revenue sources.
The news agency reported that work will start in the second half of 2019 with creating 70,000 jobs. The kingdom has pushed different high-profile events such as the Formula E championship that it hosted last December. Now, preparing opening up of World Wrestling Entertainment tournaments.
“In Vision 2030 and in the Crown Prince’s dynamic vision, tourism is next, because it’s a tremendous generator of jobs,” Jerry Inzerillo, CEO of Diriyah Gate Development Authority said on Tuesday.
Saudi Arabia still faces the reputational consequences following the October murder of Saudi journalist Jamal Khashoggi. Additionally, although the country has ended the long-standing ban on women driving, the country is known for its poor track record on women’s issues. However, the kingdom can refocus its image and move by winning foreign investment for tourism developments.
Inzerillo said, “Every million people that come, 119,000 new jobs. We will attract 7 million people here by 2023,” adding, “We’re on a very fast track.”