Riyadh to be one of the world's most livable, minister says

4 projects launched by King to attract more private sector investment


RIYADH – The Minister of Economy and Planning Muhammad Al-Tuwaijri has stressed that the four projects totally worth SR86b, launched by the Custodian of the Two Holy Mosques King Salman in Riyadh Tuesday, have been met with great joy by the capital’s residents.

Al-Tuwaijri said the Kingdom’s Vision 2030 strives to develop the Kingdom’s cities to bring them to the level of the best cities in the world. These projects are deemed a big ambition not only from the perspective of the standard of living of the population, including citizens and expatriates, but they will attract the private sector to invest. Those in charge of the projects have made sure that they are fully in conformity with the plans of the pertinent authorities and ministries to make Riyadh one of the best cities to stay and live in.

In a statement following the launching of the projects, Al-Tuwaijri said: “The King Salman Park, to be set up on a vast area in Riyadh, will give the city a better environmental dimension. Huge investment opportunities will be available for the private sector in diverse fields, including arts, museums, antiquities and walkways.”

The minister asserted that these four projects are among the best for achieving GDP growth and improving the balance of payment. They will attract internal and foreign investments. He congratulated the wise leadership and Riyadh residents on the launching of these grand projects.