The CEO of the Diriyah Gate Development Authority, Gerard Inzerio, confirmed that the authority intends to invest 4 billion riyals in 2021 to develop the infrastructure in Diriyah.
According to Al-Eqtisadiah, he indicated that the region will witness the establishment of 3 metro stations linked to a line from the airport, as well as various investments in electricity, water and agriculture, and places for walking, with the aim of drawing new features for the face of Diriyah.
He estimated, during a presentation he gave in Riyadh yesterday (Wednesday) under the title “Diriyah is the cradle of the Kingdom to be the greatest gathering place in the world.” The flow of Gulf and global investments is about 75 billion riyals from 2020 to 2024.
Enzerio expected that Diriyah would receive 55 million tourists annually by 2030, which would generate an additional income for the state budget estimated at 27 billion riyals while creating 55,000 jobs.
On the other hand, Enzerio indicated that Al-Bujairi neighborhood will be opened soon, in preparation for the “Formula E” activities scheduled to be held in February 2021, stressing that the neighborhood will include a cinema, an entertainment area, 21 international restaurants, a number of hotels and lodges, places for picnics and barbecue, as well as for walking. .