Saudi Arabia's government has announced it will invest a whopping $23 billion a massive makeover its capital city, Riyadh. The huge investment is part a project to beautify the city, create hundreds thousands of jobs, boost leisure and tourism, and transform Riyadh "one of the world's most livable cities". In addition to the government's cash injection, a further $15 billion private sector funding will help finance huge investment opportunities businesses. Crown Prince Mohammed bin Salman will head the committee overseeing the ambitious project. It is part the Crown Prince's Vision 2030 initiative aimed diversifying the kingdom's revenue sources and reducing its reliance oil.
The plan is set to be the envy other world capitals, which can only dream being awarded such vast amounts money. It aims to improve the quality life for the capital's 5 million residents. A focus leisure is integral to making people happier. The plan includes the construction of 130km of cycling track, a park that will be quadruple the size of New York's Central Park, and hundreds art installations. Riyadh will be a greener city as the amount green space per person will be increased by 16-fold. This will be achieved planting 7.5 million trees and creating dozens of community gardens. Work will begin the second half of the year. It will create 70,000 jobs and take to a decade to complete.