Saudi Arabia spent nearly $ 40 billion to improve quality of life

The "Quality of Life 2020" program launched by Saudi Arabia has a total budget of $ 34.6 billion. Saudi Arabia's Economy and Business Development Authority (SBA) launched the "Life Quality Program 2020" as part of its ongoing program of realization. The Middle East country's economic vision of 2030.

The program is "a continuation of the action programs that have been implemented to achieve the 2030 Economic Vision. The implementation of the "Quality of Life 2020" reflects the vision of King Salman and Crown Prince Mohammed bin Salman, to prepare the environment necessary to promote a range of cultural, and other appropriate issues, with the aim of improving the quality of life, creating jobs as well as encouraging investment opportunities and diversifying economic activities. Total costs for the "Quality of Life 2020" related fields amounted to Rs 130 billion (US $ 34.6 billion), of which direct investment was Rs 74.5 billion (19.8 billion USD). The program aims to achieve a GDP growth rate of 20% per annum by 2020 and create 346,000 jobs. In addition, the program aims to bring the three cities of Saudi Arabia into the list of the world's top 100 cities by 2030. The "Life Quality Program 2020" is expected to provide economic and investment opportunities for sustainable growth and development. Saudi Arabia plans to build an island of arts and culture in Jeddah, including 45 cinemas, 16 theaters and 42 libraries, as well as the Royal Art Gallery in Riyadh in 2020. to promote culture and art in this country.