Riyadh: Under Saudi Vision 2030, major real estate and infrastructure projects worth 1 1 trillion have been announced in the kingdom since 2016.
Knight Frank, a global property consultant, said in its analysis that 2016 1 trillion worth of real estate and infrastructure projects have been announced in Saudi Arabia since 2016. Faisal Durrani, Knight Frank’s head of Middle East research, says the country is making progress.
He said that the desire to achieve Saudi Vision 2030 is really being fulfilled, the number of mega projects across the country has also increased.
Faisal Durrani said that the plan is to attract 100 million visitors annually by 2030. We are seeing that this target is being achieved first. The new cruise terminal at Jeddah Islamic Port is also a link in the same chain.
New initiatives launched in Saudi Arabia
According to a global property consultant, about ً 300 billion of the total expenditure in Saudi Arabia is allocated for new infrastructure. Extensive passenger rail network and a new airport are also being set up in Riyadh.
On the other hand, the kingdom has taken a series of steps to raise Saudi Arabia’s global ranking in digital fields such as artificial intelligence.
A ceremony was held in the Saudi capital, Riyadh, on the occasion, with Minister of Communications and Information Technology Abdullah Al-Sawaha saying that new programs have been added for the development of the digital sector, which is worth 67 670 million. To innovate in the enterprises of