Saudi Rs 5541832800000 investment, 40 luxury hotels, gold course and much more, new city to come up in…., not Dubai, Beijing, Singapore, the place is…

Additionally, there will be facilities for golf courses and horse riding. The entire cost of establishing this city will be at least USD 63.2 billion.

Dubai: In a major infrastructure push, Saudi Arabia is planning to build a new city where there will be 40 luxurious hotels, more than 1,000 shops, and 150 restaurants and cafés. Additionally, it will feature a university, artistic and cultural assets, museums, and an opera house. According to the reports, a 20,000-seat arena will also be built in this city. Additionally, there will be facilities for golf courses and horse riding. The entire cost of establishing this city will be at least USD 63.2 billion.

The main purpose behind the project is to restore the historical birthplace of the modern Saudi kingdom. Additionally, the goal is to transform this historic site into a tourist destination. This presents a great investment opportunity for Indian investors.

It is important to note that around 3,000 companies from the IT, construction, telecommunications, and energy sectors are already investing in Saudi Arabia. This has strengthened the economic relations between the two countries.

India and Suadi Arabia Relationship:

India is the second-largest trading partner of Saudi Arabia, while Saudi Arabia is the fourth-largest trading partner of India. In this context, investment by Indian companies in Diriyah will benefit both countries. For this, around 20 company CEOs will hold a meeting in Diriyah.