Lusail City encompasses the most modern, luxurious and practical residential areas in Qatar all with a comprehensive set of services. It is a very attractive location for both residents and tourists and a natural extension of Doha city.
The city was announced by Saudi Crown Prince Mohammad bin Salman at the Future Investment Initiative conference in Riyadh, Saudi Arabia on October 24, 2017. He said it will operate independently from the “existing governmental framework” with its own tax and labor laws and an autonomous judicial system.
The initiative emerged from Saudi Vision 2030, a plan that seeks to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors. Ghanem Nuseibeh, a consultant told Inverse that the Saudi intention was "..to shift from oil to high tech and put Saudi kingdom at the forefront of technological advances. This is the post-oil era. These countries are trying to flourish beyond oil exporting and the ones who don’t will be left behind."
Dubai has historically pioneered exceptional quality of life and an unparalleled business environment. Outlined in His Highness’ vision, technology, as the platform for solutions, is simply to play the role of enabler, rather than the principal goal. The ultimate goal remains the happiness of the city’s people, whether citizens, residents or visitors.
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