Saudi Arabia to invest $220 billion to develop Riyadh

Fahd bin Abd Al-Mohsen bin Saleh Al-Rasheed, CEO of the Royal Commission for Riyadh City (RCRC), announced on January 28th, 2021, that the Saudi government will invest $220 billion in projects to develop Riyadh over the next ten years.

The Saudi Crown Prince, Prince Mohammed bin Salman, had previously announced a plan to make Riyadh one of the ten largest cities in the world. This is part of his economic reform plans aimed at diversifying the kingdom’s economy instead of its current dependence on oil.

Aasem Abuzeid

Aasem Abuzeid

Aasem Abuzeid is the Director for MENA Region. He acts as a leading marketer in Arabic-speaking countries. He is also the COO and lead-developer of NBN.
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