Saudi King Launches 4 Riyadh Mega Projects

Saudi Arabia plans to turn its capital Riyadh into one of the most livable cities in the world, according to the plan announced by the Kingdom to invest 86 billion Saudi riyals ($ 23 billion) through four projects to beautify the capital.

Sharaan Natural Reserve in Al-Ula

The Natural Reserve, launched by Saudi Crown Prince Prince Mohammed bin Salman, is part of a project of the Royal Commission for the Province of Al-Ula (RCU) to develop the area containing various "treasures", including natural areas and endangered animals.

NEOM Company (Owned by the PIF)

NEOM project has obtained the necessary approvals from the official authorities in the Kingdom to establish a closed joint stock company under the name of "NEOM Company" with fully paid-up capital and owned by the Public Investment Fund.

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