Saudi Arabia is giving its capital a $23 billion makeover [CNBC]
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Source: CNBC
Saudi Arabia is giving its capital a $23 billion makeover show chapters Ad Diriyah Gate Development aims to boost tourism in the upcoming years 4:20 AM ET Tue, 19 March 2019 | 05:13 Saudi Arabia will be pumping $23 billion into a massive beautification project for its capital Riyadh, its government has announced. The plan, which will incorporate green space, recreational areas and more than 1,000 art installations, seeks to improve quality of life for the capital's 5 million residents and prepare the country for the opening up of its tourism sector. The project will also open up private investment opportunities to the tune of $15 billion, the government said Tuesday. It's the latest in a series of developments being launched as part of the Kingdom's Vision 2030, an initiative aimed at diversifying the oil-rich monarchy's revenue sources and creating private sector jobs. Diagrams of the plan outlined 84 miles of cycling track and a park that's quadruple the size of Central Park. Work
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