Riyadh unlocks smart city investments

A recent study by JLL indicates that implementing smart city technologies in Riyadh opens up economic opportunities worth billions of dollars through improvements in energy efficiency, smart construction, and intelligent street lighting. AI technology aimed at enhancing cooling efficiency has achieved benefits exceeding $1.8 billion with a quick payback period of 4.9 years, making it one of the projects with the highest returns among global cities. Additionally, smart construction contributes to more than $3.8 billion in savings over 5.9 years and promotes efficiency in project management and infrastructure. The study’s findings reveal that the benefits of smart cities go beyond operational savings—they also include boosting GDP and enhancing economic performance across sectors such as trade, healthcare, and productivity. Emphasizing a performance-oriented approach that considers local characteristics is essential to supporting Saudi Arabia’s Vision 2030 objectives.

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