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Saudi crown prince launches urban plan, branding for Qiddiya

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08 Dec 2023 04:12:33 GMT9
08 Dec 2023 04:12:33 GMT9
  • Qiddiya City is expected to create over 325,000 jobs
  • Prince Mohammed: Qiddiya to become foremost global entertainment, sports, culture destination

Arab News

RIYADH: Saudi Crown Prince and Prime Minister Mohammad bin Salman launched on Thursday the urban design for the Qiddiya City and Qiddiya’s international trade brand, Saudi Press Agency reported.

Qiddiya City is expected to create over 325,000 jobs, yielding nominal GDP of SR135 billion ($36 billion) per annum, the report added.

The crown prince said on completion Qiddiya would become the foremost global entertainment, sports, and culture destination.

“This will have a positive impact on the Kingdom’s economy and its international standing, as well as on enhancing Riyadh’s strategic position and contributing to its economic growth. It aims to improve the quality of life, making Riyadh one of the top 10 economies globally,” he said.

Prince Mohammed added that the investment into Qiddiya was a cornerstone of the Saudi Vision 2030, which aims to diversify the Kingdom’s economy, creating thousands of job opportunities for the ambitious Saudi youth.

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