Saudi Arabia’s Crown Prince, Mohammed bin Salman Al Saud, has announced the New Square Development Company launch in Riyadh, which aims to build the world’s largest modern downtown.
The project, spanning over 19 square kilometers, will be designed based on sustainability standards and raise the quality of life.
It will offer a unique experience for living, working, and entertaining within a 15-minute walk and more than 80 areas for live performances and entertainment.
The project will also contribute to supporting the non-oil domestic product by up to 180 billion riyals and creating 334,000 direct and indirect job opportunities.
The new square project is expected to be completed in 2030.