Saudi Arabia to Boost GDP to $1.7 Trillion

investment, saudi, economic, arabia, falih,
Saudi Arabia

Saudi Arabia to Boost GDP to $1.7 Trillion

Saudi Arabia wants to raise economic output to reach SAR 6.4 trillion ($1.71 trillion) by 2030, said Investment Minister Khalid al-Falih on Wednesday in a remark aimed at current efforts and economic reforms carried out by the Kingdom.

In statements he made at a press conference for discussing the national investment strategy, al-Falih said that the launch of the plan in 2021 was deliberate and pre-designed, indicating that it aims to lay a solid ground for investment in Saudi Arabia.

According to Al-Falih, Saudi Arabia is working to replicate the experiences of countries such as South Korea and China in terms of attracting investments and achieving annual growth of more than 10%.

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