Smart cities to advance Saudi diversification agenda – report
- Date: 29-Apr-2021
- Source: Zawya
- Sector:Oil & Gas
- Country:Saudi Arabia
Smart cities to advance Saudi diversification agenda – report
Smart Cities will drive diversification in Saudi Arabia, and significantly contribute to its Gross Domestic Product (GDP) by 2030, according to consultancy Frost & Sullivan.
Being primarily an oil-reliant economy today, the kingdom is increasingly looking to diversify, and a smart city is a step in that direction, the consultancy said in a statement.
The statement said the development of new economic sectors combined with the rise in demand for sustainable and eco-friendly cities supported by green initiatives globally and improving living conditions for its citizens/residents are the main drivers for developing smart cities in Saudi Arabia.