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  • Date of publication: 31 August 2020
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  • Saudi hopes to attract $427 billion in investments by 2030

    Synopsis

    Saudi Arabia expects to attract investments of more than 1.6 trillion riyals ($427 billion) by 2030 in its push to boost industry, Energy Minister Khalid Al-Falih said on Thursday, according to state TV al-Ekhbariya.

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Saudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative Forum in Riyadh, Saudi Arabia October 24, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS

 

Saudi Arabia expects to attract investments of more than 1.6 trillion riyals ($427 billion) by 2030 in its push to boost industry, Energy Minister Khalid Al-Falih said on Thursday, according to state TV al-Ekhbariya.

“The program to develop national industries and logistics services (is) the largest and most important, and has a huge impact on the Saudi economy,” Al-Falih said.

The minister estimated that the country’s mineral wealth was worth more than 1.3 trillion riyals.

 

Reuters.com