Businessmen and international experts for “Al-Eqtisadiah”: Al-Riyas strategy is an introduction to a new Saudi era


“Another step on the path to the future, but it includes in its essence a historical leap aiming this time to bring about a radical change related to the beating heart of Saudi Arabia .. related to Riyadh, so the goal of Prince Muhammad bin Salman, Crown Prince, goes beyond the process of modernization or re-granting a new appearance to the Saudi capital, the goal is Preparing the city for the process of integrating my work into his future vision for the whole Kingdom, to be a symbol of Saudi Arabia, not only as its capital, but as the gateway to a new Saudi era.
With those words, analyzed the businessman. C. Simon, statements of Prince Mohammed bin Salman, Crown Prince, regarding his vision for the future of the capital, Riyadh.
This reading may reflect the position of a large sector of international businessmen who wish to interact positively with the Saudi government’s vision 2030, but Prince Mohammed bin Salman’s speech with Senator Matteo Renzi, former Italian Prime Minister, member of the Board of Trustees of the Future Investment Initiative Foundation, during his participation in the fourth session The Future Investment Initiative in the session titled “The Future of Riyadh” reveals new data that go beyond what was previously proposed in terms of practical projects to modernize the Saudi infrastructure in preparation for a new phase of a different qualitative nature.
The modernization process that the Crown Prince proposes regarding Riyadh does not stop at the limits of the structural renewal of the city, but rather its radical reshaping, to become the locomotive of driving economic development in the Kingdom, not only as the capital and the center of government, but by having real ingredients to play a distinct role within the Saudi economy from Side, and for its centrality in the Kingdom’s vision of itself as a state, in its race to assume a global leadership role that is compatible with the future.
Businessman thinks eh. C. Simon, that the statements of the Saudi crown prince will represent a factor in attracting tens, and perhaps hundreds of billions of foreign capital to invest in this project, and that the details of the Saudi vision and the modern and future character in it will guarantee the achievement of huge profits, not through the Saudi state guaranteeing the success of the project, but through The uniqueness of the project and its integration within a general and comprehensive vision for the advancement of the Saudi economy.
Dr. Georgy Blair, an expert in the field of cities and urban development, the Saudi Crown Prince’s proposals regarding Riyadh are fully consistent with his general proposals and his vision for modernizing the Kingdom. But unlike the NEOM project, and other future projects in Saudi Arabia, Prince Mohammed bin Salman, today, with his talk about developing the capital’s infrastructure and raising the quality of life in it better, puts his hand on the breaking point of development by creating a “launch pad” to move forward in integrating Saudi Arabia into The New Global Economy.
She told Al-Eqtisadiah, “The Saudi crown prince’s talk about the future of the capital makes it actually a model that may go far beyond the traditional cities and capitals even the most modern in the Middle East region, and thus it creates a ground upon which the radical economic development process undertaken by the Saudi government can be relied upon,” This is extremely important and necessary to ensure the success of the modernization process in Saudi Arabia. Development projects of a future nature are not suspended in the space of desire and wishes, but there must be a model for them on the ground, from which to inspire their movement and growth, and this is precisely what the Crown Prince desires in his latest proposal. Regarding Riyadh. “
During his speech, the Crown Prince explained that cities are a major axis of development, noting that global economies are based on cities, not countries, and that 85 percent of the world’s economies come from cities, and this percentage will rise to 95 percent in the coming period.
Prince Mohammed bin Salman’s speech fully agrees with the global demographic trend since 2009, with the largest percentage of the world’s population living in urban areas. Cities have turned into focal points for finance, innovation and vital sectors, but it is clear that the Saudi crown prince’s speech goes beyond the limits of the cities ’limited economic outlook as” the duck that lays golden eggs “to a broader concept in this regard.
In this context, Dr. Lee Stewart, professor of urban development at the University of Glasgow, comments to “Al-Eqtisadiah”, saying, “When the Saudi Crown Prince talks about targeting Riyadh to be one of the ten largest city economies in the world, he is talking about it in the context of the future economy, economy An economy based on innovation and creativity, an economy based on the integration of youth groups of both genders into an unconventional production process, based on technology, which implies the need to rehabilitate the infrastructure, whether in its material or human aspect, and thus the words of the Crown Prince, despite their simplicity, summarize an integrated vision that integrates capabilities Material and human resources in Saudi Arabia, in a single developmental structure capable of using the available capabilities to their maximum.
And he added, “When Prince Mohammed bin Salman aims to make Riyadh one of the ten largest city economies in the world, we are not talking about a traditional development process, but about an economic leap that is considered a qualitative transformation that requires a change in the societal foundation, so that Riyadh turns from a capital to a center. Radiance to inspire the Saudi community on the future path to follow.
Whereas the Saudi Crown Prince’s statements regarding the future of Riyadh are consistent with his personal approach by constantly affirming that the continuation of construction requires cumulative efforts, and that these efforts need long periods of time to bear fruit, but they remain necessary to ensure the solidity of the structure, and most importantly his ability to withstand qualitative developments. The traditional exceptional nature, without these accumulations, the structure will not be able to withstand the transformations required by the modernization process.
This concept was evident in praising the efforts of King Salman bin Abdulaziz, during more than five decades as the Emir of the Riyadh region, and his leadership of efforts to build a distinctive infrastructure for Riyadh, without which it was not possible to arrange the desired development process, which allowed the Saudi capital, according to the statements of the Saudi Crown Prince, to It constitutes 50 percent of the non-oil economy in the Kingdom, and allows the cost of finding a job in Riyadh to be 30 percent less than in any other city, while the cost of developing infrastructure and real estate in Riyadh is 29 percent less than in Saudi cities.
On this specific point, Arik George, a researcher in the field of city development, believes that Prince Muhammad bin Salman revealed that the largest industrial city in the world will be announced in Riyadh, not only dependent on a plan to spend 220 billion dollars to develop Riyadh alone, but the most important thing is that it is consistent With the Kingdom’s vision 2030.
And for Al-Eqtisadiah, he commented, “The goal is not to build an industrial city that is the largest in the world in order to be the largest only, but rather is consistent with the efforts aimed at diversifying the Saudi economy, and not relying on oil as the sole main source of GDP, and in this way add that The step is more stability for the Saudi economy by diversifying its productive aspects. Of course, stability and diversification are two basic inputs to ensure the modernization of the national economy, and hence the possibility of its integration into the future economy on a more solid basis, without entering a phase of ripples and fluctuations that will not happen in any way. In the interest of the Saudi economy. “
However, the vision of “Future Riad”, proposed by the Crown Prince, was characterized in its main part by a very conscious understanding of one of the most prominent changes under way on the international scene of modern cities, which will gain more attention and popularity in the future.
The integration of Riyadh into the economy of tomorrow will not be a process based on a dry accounting basis, based on profit and loss criteria in its direct meaning only. In the end, the proposed development vision is of a human nature in which the human and geographical merge together within a clear economic path, and that vision cannot achieve its ultimate goal. Without paying attention to the environmental determinants, as it is a fundamental factor in the modernization of Riyadh.
In turn, Dr. Lauren Choudhary, a professor of environmental development and a consultant in a number of international institutions concerned with environmental affairs, told Al-Eqtisadiah, “Saudi Arabia was keen to clearly indicate plans to plant millions of trees in Riyadh to reduce the temperature and dust level, and establish reserves around the city to improve the environmental situation.” .
She confirms that the planning process did not stop at the economic borders despite its essence, but rather took the human dimension in planning, and this concern for the environmental dimension of serving people is not a decorative addition to the project, but it appears that the matter does not stop at a project that aims to increase the Saudi national product only, Rather, it is a vision whose essence remains the human being, by creating a balanced environment capable of containing it, whether in its material economic aspect or in its geographical environmental aspect, in order to be able in its entirety to achieve a balance to establish a healthy and more self-aware society.


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