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Saudi Arabia will invest $23 billion to improve its capital city, Riyadh. A project will beautify the city, create thousands of jobs, boost leisure and tourism, and create "one of the world's most livable cities". A further $15 billion in private sector funding will finance business opportunities. Saudi's Crown Prince will oversee the ambitious project as part of his Vision 2030 initiative. This aims to diversify Saudi's revenue sources and not rely on oil.
Other world capitals can only dream of such huge money. Saudi will improve the quality of life for Riyadh's 5 million residents. A focus on leisure will see over 130km of cycling track, a huge new park and hundreds of art installations. Riyadh will be a greener city, with 16 times the amount of green space. It will have 7.5 million new trees and dozens of community gardens. Work on the project will begin later this year and will take around 10 years to complete.
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