November 19, 2019 / 7:16 PM / 25 days ago

Saudi Arabia appoints property executive to head Riyadh royal commission

RIYADH (Reuters) - Saudi Arabia on Tuesday named Fahad Al-Rasheed as head of a royal commission to develop the capital Riyadh where the government has said it would spend 86 billion riyals ($23 billion) to boost the quality of life.

King Salman appointed Al-Rasheed in a royal order published on the state Saudi Press Agency. Rasheed had served as chief executive of Emaar Economic City, a subsidiary of Dubai’s largest listed developer Emaar Properties.

Saudi authorities in March announced projects to increase green space and recreational areas in Riyadh as part of a series of planned development investments across the kingdom.

Reporting by Nayera Abdallah in Cairo and Marwa Rashad in Riyadh; Writing by Ghaida Ghantous; Editing by Chris Reese

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below