The Taif Investment Forum witnessed the signing of a number of investment contracts for projects in Taif Governorate Taif between a number of Saudi companies and Chinese and Korean companies, worth more than 11 billion riyals.
Taif Investment Forum witnessed the signing of a number of investment contracts for projects in Taif Governorate.
Establishing a tourism project
The investment contracts included the establishment of a science fiction space city (mars war) worth 5 billion riyals in the first phase, which may reach in its final stage more than 20 billion riyals, a tourism project that will be built on the land of Taif University with the Beijing Technology Group, which includes a university and Chinese government and advertising companies, to build an integrated city inspired by space, especially the planet Mars.The contracts included a number of Saudi and Korean companies, worth more than 11 billion riyals. The contracts included the establishment of an emergency information center with the Chinese company “China Mobile” worth 2 billion riyals, to support the company's planned center in Jeddah, as well as the establishment of a plastic additive project worth 600 million riyals, a material added to the plastic industry in the Kingdom so that the transformation of plastic materials after use within 12 months, in addition to the construction of five tourist resorts “five stars”, and other municipal projects worth more than one billion riyals.
Other projects worth more than one billion riyals. The projects that were signed include a project to produce a material for cooling computers, especially central computers, to reduce their energy consumption by 80 % of the cost of cooling, with an Indian company, and the establishment of a Saudi billionaire company for roses, products and cosmetics, so that the source of the raw material used in the rose industry is from the Kingdom.
Quality of life and humanization of cities
Taif Investment Forum dedicated the second session of its activities today to “Quality of Life and Humanization of Cities”, during which the Director General of Partnerships and Business Planning at the Quality of Life Program, Abdulrahman Al-Anbar, spoke about the objectives of the program such as improving livelihoods, increasing employment and recreation opportunities, making the Kingdom an attractive destination for dynamic and ambitious youth, and to contribute to improving the lifestyle and building an ideal society for citizens, residents and visitors.He stressed that the program aims to be an attractive destination for dynamic and ambitious youth and to contribute to improving the quality of life and building an ideal society for citizens, residents and visitors.
He stressed that the program, as one of the programs of the Kingdom's Vision 2030, seeks to transform the Kingdom into a destination for international sports and entertainment events that have achieved widespread fame, and make it a regional and international tourist attraction, and a leading and developed country that every citizen is proud to belong to; pointing to the concerted efforts to create a better quality of life by creating and developing a range of diverse options in all sectors, promoting individual and community participation in artistic, cultural and sports activities, enjoying a healthy and active life, and developing more livable urban areas.
He highlighted the innovation of the program. The Quality of Life Program has launched ambitious initiatives to train national talent to meet the needs of the private sector and fill millions of jobs by 2030.
He noted the creation of new promising and exciting sectors that provide economic and investment opportunities, diversify job opportunities, and improve life across the Kingdom, adding that the Quality of Life Program has launched ambitious initiatives to train national talent to meet the needs of the private sector and fill millions of jobs by 2030.
