Saudi Arabia launches $22 billion project for Riyadh
Saudi Arabia’s King Salman has launched a $22 billion project in Riyadh to improve infrastructure, amenities and education in the region, it was announced on 13 February, 2019.
The massive development includes 15 housing projects in the Saudi capital designed to increase home ownership among Saudi citizens, as well as the world’s largest Islamic museum, sports cities, seven medical cities and 16 educational projects.
Additionally, the Saudi government will create a 315,000m2 environmental area spanning the lakes to the south of Riyadh, as well as airport expansions and the development and upgrading of the area’s road network.
The plan also calls for the development of an ambulance centre, a modernisation project for the Riyadh TV renovation project, and the establishment of a specialist mental health hospital.
During the event, he noted that the projects form part of a wider programme of 2,830 projects collectively worth over $90 billion.
At the same event, King Salman ordered that Saudi citizens held imprisoned on financial – rather than criminal – cases be freed, provided that their debts do not exceed SAR 1 million ($266,655) and whose insolvency can be proven.