Fahd Al-Rasheed is the CEO of the Royal Commission for Riyadh City.
The Riyadh city strategy consists of nearly one hundred initiatives and projects, Al-Eqtisadiah paper reported citing Fahd Al-Rasheed, CEO of the Royal Commission for Riyadh City (RCRC). The Saudi government’s investments, represented by RCRC, the Public Investment Fund (PIF) and funding arms, reached $220 billion (SAR 825 billion). The RCRC plans to partially launch Riyadh Metro in Q3 2021, following commencement of trial operations, Al-Rasheed noted. The RCRC is studying its expansion following a growth in the general area, population, and Saudi capital investments.
Riyadh is the 40th biggest city economy worldwide. Agreements had been signed with 20 overseas businesses to find their nearby headquarters in Riyadh. had signed agreements with 20 overseas businesses to find their nearby headquarters in Riyadh. Al-Rasheed defined that the world’s biggest commercial metropolis in Riyadh targets almost one hundred million people, noting that the city will be a logistic hub for the whole region. It will also a regional hub for inter-trade among all city in the region. The RCRC commenced supplying the strategic goals through the public transport projects, Riyadh metro, infrastructure projects in the city, and other projects, including King Salman Park and Qiddiya.