Clinton recommends investing in Saudi real estate at Riyadh forum

Developers of New Murabba, Neom, Diriyah and other multibillion-dollar construction projects across Saudi Arabia occupied center stage this week at the Real Estate Future Forum in Riyadh.

Until former U.S. President Bill Clinton mounted the podium Wednesday night at the Four Seasons.

Praising Crown Prince Mohammed bin Salman’s Vision 2030 plan that set off a torrent of building activity across the kingdom, Clinton told a packed ballroom, “It’s worth investing in.”

The 78-year-old statesman, who met with MBS earlier in the day, added: “I think that we Americans should come here and study this 2030 plan and ask ourselves what is our equivalent,” Arab News reports.

Clinton capped the final day of the conference in Saudi Arabia’s capital, where the cube-shapped New Murabba development promises to be the “most complex structure known to man or woman,” the project’s CEO Michael Dyke told a conference panel.

“We will have something like two to three Empire State Buildings on each corner, which anchor the four corners of Mukaab,” Dyke said. At the center will be a residential tower the size of the Eiffel Tower “that will be the only skyscraper in the world that lives inside another building.”

“Below the ground is enormous as well,” he said, adding, “It’s a complete cavernous labyrinth of various different asset classes” with retail space “the size of Dubai Mall that will be capable of extending to be bigger.”