Work on economic cities ‘too slow’

The country's economic cities are behind schedule, say economists.

The country’s economic cities are behind schedule, say economists.

Economists here say that the development of the country’s massive economic cities is behind schedule, a situation costing the nation much needed development and jobs.

They say that the cities are meant to ensure the diversification of the country’s economy, sustainable development in all regions, and employment for the many young people entering the market every year.

Salem Bajajh, an economist at Taif University, said: “The Supreme Economic Council must warn the Saudi Arabian General Investment Authority to accelerate the construction of the economic cities, because it will have a positive economic return.”

He said the mega projects across the country would generate up to 600,000 jobs for young Saudi men and women and reduce unemployment. The Ministry of Higher Education has already begun adding new courses at universities and colleges to prepare young people for these professions, he said.

Fadel Albuainain, a financial analyst, said the cities are behind the schedule ordered by Custodian of the Two Holy Mosques King Abdullah. “I think that there is a big gap between the aspirations and plans and the implementation on the ground, and this calls for a review that could ensure rapid development.”

 
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