RIYADH: Saudi Arabia’s capital is projected to be amongst the top 15 fastest-growing cities by 2033, driven by a 26 percent population increase and continued government infrastructure spending.
According to the Savills Growth Hubs Index, Riyadh is the only non-Asian city on the list, with its growth linked to a population surge from 5.9 million to 9.2 million over the next 10 years, necessitating enhanced amenities and services.
This aligns with Saudi Arabia’s Vision 2030 program, which aims to develop Riyadh as a residential and business hub while diversifying the economy and reducing dependency on oil.
Richard Paul, head of professional services & consultancy at Savills Middle East, said: “Saudi Arabia boasts a population of around 36 million people and, astonishingly, 67 percent are under the age of 35. The employment potential and ultimate spending power of this segment of the population over the next decade are…
