Six giga-projects that epitomize Saudi Arabia’s $7trln development plan

saudi, projects, foreign, away, economy,
Saudi Arabia

Six giga-projects that epitomize Saudi Arabia’s $7trln development plan

DUBAI / CAIRO / JEDDAH: Six ambitious landmark projects being developed in the Kingdom aim to help transform the economy while showing the world and all Saudis the nation’s geographic wealth, cultural heritage and hospitality, economic ambitions and aspirations for environmental conservation.

These projects are needed now more than ever to drive foreign investments and increase spending in the economy, as the Kingdom is expecting $7 trillion in investment and government spending to materialize by the end of the decade.

But continued liberalization and economic reforms will be needed to ensure their success, as will continuing foreign investment, according to a finance CEO and an economic consultant and former economics minister.

Nasser Saidi, former economics minister of Lebanon, now Dubai-based economics consultant, said: “These projects need to be seen in the context of the broader objective of undertaking a structural transformation of the Saudi economy.

Follow the conversation