Saudi Arabia to make investments of USD3T for next 9 years| MENAFN.COM

Friday, 20 May 2022 10:42 GMT

Saudi Arabia to make investments of USD3T for next 9 years


(MENAFN) Based on Saudi Arabia investment minister, the country allocated USD3 trillion of investment into the country in the upcoming nine years, with the Public Investment Fund and other regional and global companies playing a significant role.

According to Khalid Al Falih statement to the Future Minerals Forum on Wednesday, the country is exerting great efforts to be “the most investor-friendly” place and raise the contribution of the private sector to “our large and growing economy, to 65 per cent.”

To achieve this, the nation is aiming to prepare an investment law that is going to target the necessities of both local and global stockholders, Mr Al Falih stated. “It will be a global best-in-class law, it will be enacted this year, sooner than later.”

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