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The ambitious plans for Qiddiya also include sustainable urban development. Designed to accommodate nearly 500,000 residents, the city will feature ample green spaces and essential amenities such as schools and hospitals. The long-term vision estimates the creation of approximately 300,000 jobs, representing a significant economic boost as Saudi Arabia strives to reduce its dependence on oil.
Despite the promising features and modern amenities, there remain concerns about the extensive environmental impact of such large-scale projects, as well as the energy demands associated with them. The estimated cost of Qiddiya is projected between $20 billion and $42 billion, mostly funded through the Qiddiya Investment Company, which is wholly owned by the Saudi government’s Sovereign Wealth Fund.