Saudi Arabia Eyes $100 Billion Yearly In Foreign Investment

Saudi Arabia Eyes $100 Billion Yearly In Foreign Investment

Saudi Arabia seeks to inject its economy with $7 trillion (SR27 trillion) in government spending and investments by 2030 as the KSA plans to be rank in the top 15 global economies, Crown Prince Mohammed bin Salman announced on Monday.

The Kingdom also targets to attract foreign investment of more than $100 billion (388 billion riyals) and raise the annual domestic investment to 1.7 trillion riyals.

These funds are under an initiative launched by the kingdom's de facto ruler; National Investment Strategy (NIS), which comes as part of efforts to diversify the oil-dependent economy, a key enabler to achieve the Saudi goals of Vision 2030.