According to September 15 news reports, the Ravi Urban Development Authority (RUDA) held its first meeting in Riyadh to attract Foreign Direct Investment (FDI) from Saudi businesses interested in making short- or long-term investments in its initiatives.
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The event was witnessed by a number of Saudi royal dignitaries, investors, and expatriates. During his address, Pakistan’s Ambassador to Saudi Arabia, Ahmed Farooq, referred to the Ravi Riverfront Urban Development Project as a futuristic, modern, and people-friendly imminent city. The meeting was informed that the project entails a game-changing strategy that will simultaneously resolve all environmental concerns and generate enormous investment opportunities.
Earlier, RUDA COO Mansoor Ahmed Janjua thanked Ambassador Ahmed Farooq, Princess Boudoir, and Mr. Abu Saleh Tamimi for attending. Additionally, the COO commended the Saudi companies that expressed interest in the initiative.