
Sulyman Al Majed believes there is no magic in attracting foreign investment to Saudi Arabia: demonstrate that the new mega projects under construction between the private sector and the government, like the six economic cities and his group’s projects elsewhere in the region, can be properly designed, developed, managed and, most important of all, be made available to outside investment from the outset.The impact of these six economic cities will be enormous with $150 billion in GDP growth creating1.3 million new jobs and accommodating 4.8 million of the total population by 2020. “Twenty five to thirty years ago there was not as much progress, but we worked with construction companies from all over the world: China, Korea, France, and the USA; but since the war between Iran and Iraq and, after the Gulf war, most of these companies have pulled out.