Global InformationRua Al Madinah information
| Rua Al Madinah | |
|---|---|
| رؤى المدينة | |
 | |
 | |
| Location | Medina, Saudi Arabia |
| Owner | Public Investment Fund |
| Founder | Mohammed bin Salman |
| Key people | Mohammed AlKhalil (Chairman) Naif Al Hamdan (Vice Chairman)[1] Ahmad Al Juhani (CEO)[2] |
| Established | 24 August 2022[3] |
| Website | ruaalmadinah |
Rua Al Madinah (Arabic: رؤى المدينة) is a planned urban development project in Medina, Saudi Arabia. Rua Al Madinah project is developed by Rua Al Madinah Holding Company, one of the companies founded by the Saudi Public Investment Fund. The project was officially announced by Crown Prince Mohammed bin Salman in August 2022. Once complete, the project will allow Medina to host up to 30 million Umrah pilgrims by 2030.[4] The project will cover a total area of 1.5 km2.[5]
As part of Saudi Arabia's Vision 2030 to diversify the Saudi economy away from oil, Rua Al Madinah Holding Co. says that the project will create 93,000 jobs and contribute more than $37.25 billion to Saudi Arabia's national GDP by the year 2030.[6]
The first phase of the project is set to be completed by 2026. By 2030, Rua Al Madinah aims to construct 47,000 hotel rooms.[7]
- ^ "Board of Directors". ruaalmadinah.com. Rua Al Madinah Holding Co. 2022-08-24. Retrieved 2024-02-15.
- ^ "Executive Team". ruaalmadinah.com. Rua Al Madinah Holding Co. 2022-08-24. Retrieved 2024-02-15.
- ^ "Saudi Crown Prince launches 'Rua Al-Madinah' project". Arab News. 2022-08-24. Retrieved 2024-02-15.
- ^ Nihal, Mariam (2022-08-25). "Saudi Arabia launches vast Rua Al Madinah project near Prophet's Mosque". The National News. Retrieved 2024-02-15.
- ^ Zouiten, Sara (2022-08-29). "Saudi Arabia Launches Project to Host 30 Million Pilgrims by 2030". Morocco World News. Retrieved 2024-02-15.
- ^ "Rua Al Madinah project to add $37m to GDP, will create 93,000 jobs: CEO". Arab News. 2022-08-25. Retrieved 2024-02-15.
- ^ Levesque, Eva (2023-10-16). "Construction to start on Rua Al Madinah giga-project". AGBI. Retrieved 2024-02-15.