January 24, 2021

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Investments in Saudi Arabia’s economy will reach six trillion dollars: Crown Prince

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Saudi Arabia's Crown Prince Mohammed bin Salman says major investment opportunities in Saudi Arabia will amount to six trillion dollars over the next ten years, including 3 trillion dollars in

Saudi Arabia's Crown Prince Mohammed bin Salman says major investment opportunities in Saudi Arabia will amount to six trillion dollars over the next ten years, including 3 trillion dollars in investments in new projects, within the framework of the opportunities provided by Vision 2030, reported Saudi Press Agency.

Saudi Arabia's Crown Prince participated in a strategic dialogue session within the activities of the World Economic Forum, in the presence of more than 160 influential international leaders and business leaders, representing 28 sectors and 36 countries.

The Crown Prince indicated that 85 percent of this huge economic program will be funded by the Public Investment Fund and the Saudi private sector, while the remainder will be through stimulating foreign capital from the Gulf countries and all countries of the world.

The Crown Prince added that the investments are in line with the Saudi Arabia’s intention to rise to a leadership position in renewable energy and the fourth industrial revolution, tourism, transportation, entertainment and sports.

During the strategic dialogue session held within the framework of the activities of the World Economic Forum, Crown Prince Mohammed bin Salman reviewed the achievements made by Saudi Arabia since the announcement of Vision 2030, in terms of doubling non-oil revenues, empowering women in the labor market, raising the level of competitiveness in the business environment, the significant improvement made in environmental protection, and the Kingdom's initiative regarding the circular carbon economy, which was approved by the G20 summit chaired by the Saudi Arabia.

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Source: News https://english.alarabiya.net/en/News/gulf/2021/01/14/Vision-2030-Investments-in-Saudi-Arabia-s-economy-will-reach-six-trillion-dollars-Crown-Prince

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