King Salman Launches 4 Giga Projects Worth USD 23 billion in Riyadh
19. 03. 2019

Custodian of the Two Holy Mosques King Salman bin Abdulaziz inaugurated on Tuesday, March 19, 2019, four giga projects in the Saudi capital, Riyadh, worth 86 billion riyals ($23 billion). The four projects, King Salman Park, Sports Boulevard, Green Riyadh, and Riyadh Art, complement the Saudi Vision 2030’s “Quality of Life” Program and are aligned with the UN Sustainable Development Goals, to create sustainable cities and communities, while driving urgent action against climate change.

Through establishing the largest urban garden in the world, the King Salman Park and Green Riyadh aims to increase the per capita share of green space in Riyadh by 16 times, where more than 7.5 million trees will be planted throughout the city of Riyadh.

Riyadh Art is set to include cultural and artistic institutions such as museums, theaters, and galleries, in hopes of transforming Riyadh into an “open exhibition” hosting the works of 1,000 local and international artists.

The Sports Boulevard will connect the city from east to west, extending for 135 kilometers, and will include cycling tracks and horseback riding trails, in addition to jogging pathways and sports and cultural centers.

The four projects are part of the Kingdom’s Vision 2030 and are expected to generate 70,000 new jobs for citizens in various sectors.

In addition, the projects promise to provide investment opportunities for investors inside and outside the Kingdom, with total investments valued at $13.3 billion (50 billion riyals), including residential, hospitality, corporate, educational, recreational and commercial projects.

Construction for the above four wellbeing projects will start in the second half of 2019.