
Saudi Arabia Unveils First Comprehensive Master Plan for Riyadh's 2025 Projects
Prince Dr. Faisal bin Abdulaziz bin Ayyaf, Mayor of Riyadh and Chairman of the Infrastructure Projects Center, introduced the plan during an event showcasing Riyadh's detailed infrastructure project roadmap.
Prince Faisal described the initiative as a transformative milestone for the city, as it consolidates upcoming projects into a structured, coordinated system, allowing authorities to identify conflicts, set priorities, reschedule overlapping initiatives, and enforce adherence to project timelines. Additionally, the plan establishes a unified coordination strategy among various stakeholders.
Eng. Fahad Al-Badah, CEO of the Infrastructure Projects Center, called the master plan a model for national cooperation, developed through a comprehensive engineering methodology. The process involved data collection, integration of planning efforts, and collaboration with over 15 government and service entities.
Al-Badah further noted that more than 837 project plans were reviewed and approved, leading to the restructuring of 1,737 project phases and accumulating over 100,000 work hours. The center also conducted over 80 workshops and automated more than 66,000 pre-coordinated permits for 2025.
He credited this achievement to joint efforts with service providers and project developers, supported by a 36-member task force representing key service entities. Additionally, 72 officials have been assigned to ensure rapid responses to any challenges that arise during project execution.
Over the past 50 years, Riyadh has evolved from an emerging city into a global economic hub and a leading investment destination. Its land area has expanded by over 2,000%, and its population has surpassed 7 million.
This rapid growth is reflected in the surge in infrastructure work permits, which have tripled from 50,000 in 2017 to over 150,000 in 2024. 'These figures underscore the city's accelerated urban and economic expansion,' Al-Badah noted.
He emphasized that sustaining this momentum requires adopting global best practices in infrastructure development, aligning with the ambitious goals of Vision 2030.
The master plan is part of broader efforts led by Riyadh's Infrastructure Projects Center, established by a Cabinet decision in July 2023. The center aims to enhance project efficiency and improve coordination among stakeholders to ensure sustainable, high-quality urban development.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Saudi Gazette
9 hours ago
- Saudi Gazette
Dr. Fahd Toonsi appointed chief of Saudi Red Sea Authority
Saudi Gazette report RIYADH — Dr. Fahd Toonsi, advisor at the Royal Court, has been appointed chairman of the Board of Directors of the Saudi Red Sea Authority (SRSA). A royal approval was issued in this regard, the Saudi Press Agency reported. The SRSA Board of Directors thanked Crown Prince and Prime Minister Mohammed bin Salman for the appointment. 'The approval comes as an extension of the continuous support provided by the wise leadership to enhance the Kingdom's position on the world map and enable a thriving coastal tourism economy,' the board said in a statement. On his part, Toonsi expressed his gratitude to Minister of Tourism Ahmed Al-Khateeb for the efforts made while he was chairing the SRSA Board of Directors in the past, and the tangible achievements that contributed to achieving the goals of the Kingdom's Vision 2030. Dr. Toonsi earlier served as secretary general of SRSA, which is responsible for overseeing tourism development on Saudi Arabia's west coast, including the Red Sea Project.


Asharq Al-Awsat
10 hours ago
- Asharq Al-Awsat
Mitsubishi Power: Saudi Arabia a Key Hub for Our Sustainable Energy Investments
Saudi Arabia has emerged as one of Mitsubishi Power's most strategic global markets and a prime destination for its sustainable energy investments, in line with the Kingdom's Vision 2030 agenda for localization and clean energy. The Japanese company is partnering with leading national institutions, including the Ministry of Energy, Saudi Aramco, SABIC, Saudi Electricity Company, ACWA Power, and the Saline Water Conversion Corporation, in addition to projects spearheaded by the Public Investment Fund. In an interview with Asharq Al-Awsat, Adel Al-Juraid, CEO of Mitsubishi Power in Saudi Arabia, emphasized that the company's role extends beyond supplying high-efficiency and reliable energy. It also focuses on knowledge transfer, workforce development, and technology localization through its centers across the Kingdom, where Saudi nationals make up more than half of the workforce. These efforts, he said, align with the In-Kingdom Total Value Add (IKTVA) program to boost local supply chains. A subsidiary of Mitsubishi Heavy Industries, Mitsubishi Power specializes in innovative energy solutions aimed at accelerating carbon reduction. The company is also advancing digital transformation by integrating artificial intelligence and the Internet of Things into its operations. Strategic Projects Al-Juraid said that Mitsubishi Power has recently secured a strategic contract to supply gas turbines for the Rumah-1 and Nairyah-1 plants, using JAC-class units designed to transition to hydrogen in the future. He added that the project will add 3.5 gigawatts to the national grid, making it one of the largest power supply projects in Saudi Arabia and the wider region. The turbines will be assembled locally at the company's Dammam facility, underscoring its role in supporting Vision 2030 industrial goals. In the industrial sector, Mitsubishi Power is supplying turbines for the SATORP refinery in Jubail - a joint venture between Aramco and TotalEnergies - capable of producing 475 megawatts of power and 452 tons of steam per hour. The turbines are designed to co-fire hydrogen with natural gas and can be upgraded to operate on 100 percent hydrogen, aligning with Saudi Arabia's 2060 net-zero ambitions. Expansion Plans Al-Juraid stressed that Saudi Arabia is central to Mitsubishi Power's long-term growth strategy, with plans to expand investments in clean energy and data center infrastructure. Future offerings include hydrogen-ready turbines and carbon capture solutions to help balance productivity with grid reliability. He cited the company's success in the United States with Georgia Power, where blending hydrogen into turbines cut emissions by 22 percent. Local Partnerships and Manufacturing The company operates three service centers in the Kingdom, with its Dammam facility recently localizing the assembly of next-generation gas turbines. According to its CEO, Mitsubishi Power is also exploring partnerships with Saudi universities and innovation hubs in research and development, leveraging expertise from Japan's Takasago Hydrogen Park, the world's first dedicated hydrogen validation facility. Moreover, the company currently holds the largest global market share in gas turbines, with 36 percent overall and 56 percent in advanced turbine categories in 2023, marking the second consecutive year of global leadership. Concluding, Al-Juraid reaffirmed Mitsubishi Power's commitment to providing advanced solutions that meet Saudi Arabia's rising energy demand, particularly from data centers and artificial intelligence applications, while contributing to sustainable economic growth.


Arab News
16 hours ago
- Arab News
Saudi Arabia's holdings in US Treasuries rise to $131bn in June
RIYADH: Saudi Arabia increased its holdings of US Treasury securities to $130.6 billion at the end of June, up $2.9 billion, or 2.3 percent, from May, according to official data. The Kingdom's holdings stood at $127.7 billion in May, compared with $133.8 billion in April and $131.6 billion in March, according to the US Treasury Department. The increase comes as Saudi Arabia, the world's largest oil exporter, manages its vast foreign reserves against a backdrop of shifting oil revenues, fluctuating global interest rates and ongoing diversification efforts under Vision 2030. Treasuries remain a key tool for Riyadh to park surplus funds in liquid, low-risk assets while balancing exposure to other currencies and asset classes. The report added that Saudi Arabia retained 17th place among the largest holders of such instruments in June. Compared with June 2024, Saudi Arabia's holdings in US Treasuries declined by 6.8 percent. The latest data also showed that the Kingdom is the only country in the Gulf Cooperation Council and the wider Middle East region to secure a place among the top 20 holders of US Treasury securities. Saudi Arabia's holdings were split between long-term bonds worth $103.5 billion, representing 79 percent of the total, and short-term bonds amounting to $27.1 billion, or 21 percent. Top holders Japan remained the largest investor in June with holdings totaling $1.14 trillion, up 0.9 percent from May. The UK ranked second at $858.1 billion, marking a 6 percent increase from the previous month. China followed with portfolios valued at $756.4 billion, little changed from $756.3 billion in May. The Cayman Islands and Canada ranked fourth and fifth with $442.7 billion and $438.5 billion, respectively. Belgium held sixth with $433.4 billion, followed by Luxembourg at $404.7 billion and France at $374.9 billion. Ireland was ninth with $317.4 billion, while Switzerland came 10th with $300.9 billion. Taiwan ranked 11th at $298.1 billion. Singapore held the 12th spot with $254.4 billion, followed by Hong Kong at $242.6 billion and India at $227.4 billion. Saudi Arabia's Treasury holdings are closely watched as they reflect the Kingdom's strategy of balancing reserve diversification with strong US financial ties. Treasuries are among the world's safest assets, and changes in Saudi positions often signal how major energy exporters deploy surplus revenues amid oil price swings and global interest rate shifts.