Saudi Arabia’s capital, Riyadh, is strategically refining its vision for growth, aligning it with Crown Prince Mohammed bin Salman’s ambitious economic agenda. The city aims to foster sustainable development by setting a target of 10 million residents by the early 2030s, marking a thoughtful adjustment from the previous goal of 15 million. This recalibration underscores the kingdom’s commitment to ensuring the success of Vision 2030, as it positions itself as a global leader across diverse sectors.
Riyadh, serving as the cornerstone of Saudi Arabia’s non-oil economy, boasts a vibrant landscape, attracting multinational corporations such as Amazon.com Inc. and Microsoft Corp. Its pivotal role extends beyond commerce, as it gears up to host prestigious events like the World Expo in 2030 and potentially the 2034 FIFA World Cup, further elevating its international standing.
In its pursuit of progress, Riyadh is undertaking transformative projects, including the development of Qiddiya entertainment city, New Murabba mixed-use real estate, and the establishment of a modern metro system. These endeavors not only enhance livability but also cater to the evolving needs of global visitors, positioning Riyadh as a dynamic and attractive destination.
While navigating funding challenges, as acknowledged by Finance Minister Mohammed Al-Jadaan, Riyadh remains resilient and adaptable, poised to overcome obstacles and realize its vision for a prosperous and thriving future.
