King Salman Launches 4 Entertainment Projects in Riyadh Worth $23 Billion

Riyadh, MINA – Custodian of the Two Holy Mosques King Salman inaugurated four mega entertainment projects in the Saudi capital Riyadh, worth 86 billion riyals ($23 billion).

The projects, including King Salman Park, Sports Boulevard, Green Riyadh and Riyadh Art, aim to increase the per capita share of green space in Riyadh by 16 times through the establishment of the largest urban garden in the world, by planting more than 7.5 million trees throughout Riyadh city.

The art center 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 track will connect the city from east to west, extending for 135 kilometers, and will include cycling and horseback riding tracks, in addition to jogging tracks and sports and cultural centers.

The four projects, whose implementation phase is set to commence during the second half of 2019, are part of the Kingdom’s Vision 2030 and are expected to generate 70,000 new jobs for citizens in various sectors. They are also aligned with the United Nations Sustainable Development Goals (SDGs), to create sustainable cities and communities, while driving urgent action against climate change.

Further, these promising projects will provide investment opportunities for investors inside Saudi Arabia and beyond, with total investments estimated at 50 billion riyals ($13.3 billion), including residential, hospitality, corporate, educational, recreational and commercial projects.(R/R04/P2)

Mi’raj News Agency (MINA)