King Salman announces $23 Billion investment to improve life in Riyadh

Wednesday 20th Mar 2019

King Salman announced a new investment of 86 billion riyals ($23 billion USD) to improve the quality of life in the Saudi capital, Riyadh, which will include the world’s largest park, new recreational areas and the installation of 1,000 works of art across the city.

The investment is comprised of four schemes: King Salman Park, Sports Boulevard, Green Riyadh and Riyadh Art — which will create sustainable communities, create a greener environment and provide over 50,000 new jobs.

The aim of the project is to “significantly improve the lives of its citizens, transform the city into an attractive destination and make it one of the world’s most livable cities,” the government said.

As well as creating tens of thousands of new jobs, the project is aimed at boosting the health of Riyadh’s residents, and encouraging greater wellness, health, sports, culture and the arts, underpinned by a commitment to environmental sustainability.

State media showed the King viewing the project plans, which include a park over four times the size of Central Park in New York, and 135 kilometers (84 miles) of cycling track.


More News

Houthi missile strike on Saudi airport injures 26

26 civilians have been injured in a missile strike by Yemen’s Houthi rebels on Abha airport in the south-west of the kingdom. The strike was reportedly a cruise missile, and comes just two days after […]

Saudi air defences intercepted Houthi drone attack

Saudi air defence forces intercepted two drones launched by the Yemeni Houthi rebels, targeted Khamis Mushait in the South of the Kingdom on Monday. The attack caused no damage or casualties. The Houthi rebels are […]

Saudi Royals welcome Qatar diplomats in Jeddah

A step forward in relations between the Saudi and Qatari Royal family’s has been heralded by Qatari diplomats travelling to Saudi Arabia for talks with King Salman in preparation for their country’s attendance at a […]