Saudi infrastructure, transport sectors eyeing $420bn investments

Saudi Arabia’s infrastructure and transportation industries have set an ambitious target to attract foreign investments to the tune of $420 billion over the next 10 years, reported Saudi Gazette, citing the Investment Minister Khalid Al Falih.

As part of Vision 2030, foreign investments in the Kingdom are projected to reach $3 trillion, stated Al Falih while speaking at the US-Saudi Arabia Business Leaders 2021 Virtual Forum.

Calling upon US firms to invest big in the kingdom, Al Falih said: "Saudi Arabia is opening up multiple new industries as an integral part of the Vision 2030 transformation, including clean energy, mining, mobility and logistics, tourism and quality of life, ICT, healthcare and life sciences and biotech."

The Saudi minister also pointed out that the kingdom was looking at establishing and developing partnerships with green energy companies from the US.

Source: https://www.gdnonline.com/Details/940117