2024-04-26 11:59:51
It is expected to decrease Riyadh With a goal of doubling its population by 2030, the Saudi capital is reshaping its plans to support the trillion-dollar economic diversification program set by Crown Prince Mohammed bin Salman.
Riyadh now plans to welcome 10 million residents by the start of the next decade, according to people familiar with the matter who requested anonymity because the information is confidential.
The current target is around 15 million people, according to the Royal Commission for Riyadh City, which said it was conducting a review of the capital’s strategic goals and sectors.
Saudi Arabia reconsiders its priorities
This step happens while you are rebooting Saudi Arabia Consider their priorities regarding Vision 2030The Kingdom is also working to transform itself into a new global hub for everything from tourism to mining exploration and chip manufacturing. It plans to welcome an influx of foreign workers and international tourists, which will help the country increase revenues across a wide range of sectors.
Riyadh’s population is expected to grow 1.8% this year to more than 7.8 million people, and exceed 8.5 million people in 2030, according to World Population Review estimates. Data from the World Bureau of Statistics also shows that the Kingdom as a whole is home to approximately 36.5 million people.
Riyadh’s role in economic diversification
Riyadh is considered the backbone of the Kingdom’s non-oil economy, as it is the most densely populated region and also includes the offices of several international companies, including Amazon and Microsoft.
The number of new foreign projects in Saudi Arabia increased by 63% last year
The capital is a focal point of Saudi Arabia’s transformation plan, as it prepares to host the 2030 World Expo and might be the scene of events at the 2034 FIFA World Cup.
Huge projects are expected to be hosted in Riyadh, including Qiddiya Entertainment City, and the ‘New Square’, a multi-use real estate project, with the development of the new metro network under development, as the capital aspires to do so . become more attractive to live there. While meeting the needs of visitors from all over the world.
But it is not certain that all these projects will be implemented, and Saudi Finance Minister Mohammed Al-Jadaan acknowledged the need for more financing, indicating that there might be a delay or acceleration of certain projects.
1714139461
#Bloomberg #Riyadh #moving #reducing #goal #doubling #population
