One of a Kind Project

The Saudis are preparing to launch a $1 trillion project that will spread over the next few decades. The custodians of the project will be two mosques that are expected to try to adapt the Saudis traditional value with the existing global change. According to reports, the focus of the Saudis economic reform and restructuring will include the streamlining of the decision making process, economic diversification, strengthening the private sector, introducing a favorable investment environment, and integrating the Saudis’ economy into the global economy. Saudi Arabia, with a GDP of $355 billion is the largest in the Middle East followed by UAE’s $150 billion. The kingdom that has cut corporate tax from 45% to 20% and had paid 60% of its national debt is hopeful and is investing on its 65.4 % youth population that are under 24.