Saudi Arabia eyes AlUla investments of USD20b


(MENAFN) Saudi Arabia is aiming by 2035 to generate USD20 billion of investment to implement a massive tourism destination project.

Ahead of this year's end, Saudi Arabia is planning to launch an international investor roadshow as part of its efforts to collect the investments.

Through the plan, Saudi Arabia is likely to create 35,000 job opportunities while adding USD32 billion to the Saudi GDP.

Royal Commission for AlUla chief executive Amr Madani stated "the bulk of that in the beginning will be construction-led but at steady state it will be tourism-led."

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