Rua Al Madinah Project Will Create 93,000 Jobs, CEO Says

Saudi Gazette report

Madina — Rua Al Madina Project CEO Ahmed Al Juhani said the project will create a total of 93,000 direct and indirect job opportunities.

Al Juhani in an interview with Al Ekbariya News Channel after Crown Prince Mohammed bin Salman, chairman of the Council on Economic Development Affairs and Public Investment Fund (PIF), launched infrastructure works and master plans said in Rua Al Madinah Project.

Aljuhani said the project will add SR 180 billion to gross domestic product (GDP) when completed, adding that it will also provide the opportunity to employ human executives during the construction and development phases of the project by 2030.

Located east of the Prophet’s Mosque, the project aims to build 47,000 hospitality units by 2030.

In addition, there are green spaces to facilitate the movement of visitors and worshipers to the Prophet’s Mosque.

The project is being developed and executed by Rua Al-Madinah Holding Company, a PIF affiliate that specializes in development, operations and real estate investments in Madinah. As part of PIF’s efforts to develop a promising sector, the project aligns with Saudi Arabia’s Vision 2030.