The many Saudi initiatives paving the road to the future

The many Saudi initiatives paving the road to the future

As chairman of NEOM's board of directors, Saudi Crown Prince Mohammed bin Salman announced the launch of The Line city project last January The ambitious and unique project seeks to “achieve the goals of the Kingdom's Vision 2030 in terms of economic diversification by providing 380,000 job opportunities and contributing $48 billion to the GDP by 2030,” according to the Saudi Press Agency (SPA).On the 24th of the same month, the crown prince appeared again, this time in his capacity as chairman of the board of directors of the Public Investment Fund (PIF), to announce the adoption of the PIF's strategy for the next five years, indicating that it aims to “grow assets to more than SR4 trillion ($1.07 trillion) and create 1.8 million jobs, directly and indirectly.”A few days later, during the fourth conference of the Future Investment Initiative, the crown prince revealed a new vision for Riyadh, saying that it aims “to make Riyadh one of the 10 largest economic cities in the world.” Saudi projects continue to be launched at a rapid pace. In early February, the crown prince announced the “development of a system of specialized legislation,” stressing that the government is working to “develop and