Saudi Arabia hopes to attract $427 bln in investments by 2030

Spread the info

Time: October 25, 2018     

File photo of Saudi Energy Minister Khalid Al-Falih.

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.

This article was first published in Al Arabiya English  

If you want more interesting news or videos of this website click on this link Al Arabiya English Home


Spread the info