Saudi expects to attract $427bn in investments by 2030

King Salman of Saudi Arabia

King Salman of Saudi Arabia: loses half brother

King Salman of Saudi Arabia.

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 programme 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.

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

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