Saudi Press: SDC Aims to Invest in Infrastructure and Development of Tourism and Entertainment Sectors

Saudi Press: SDC Aims to Invest in Infrastructure and Development of Tourism and Entertainment Sectors

Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.

Al-Yaum, Al-Bilad and Al Eqtisadiah newspapers reported in their editorials that since the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has assumed the reins of rule and the work to achieve comprehensive and balanced development among all parts of the Kingdom of Saudi Arabia is in full swing.

Diversifying sources of income and strengthening the Saudi Arabia's economic capabilities are key pillars in the plans and strategies of its vision 2030, the papers said .

In this regard, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF) has announced the launch of Soudah Development Company (SDC) in Asir Region, with expected investments exceeding SR11 billion, the papers added.

The entity, fully owned by PIF, aims to invest in