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  • 14-10-21

    Saudi Arabia plans to increase investment rate to 30 percent

    (MENAFN) Investment Minister Khalid Al-Falih declared that Saudi Arabia aims its economic output to stand at 6.4 trillion riyals (USD1.71 trillion), Saudi state TV reported.

    The channel further declared that the minister was talking about the Kingdom’s economic development strategy to year 2030.

    The Kingdom is planning to increase yearly total investments to more than SR2 trillion by 2030, in comparison to the current SR650 billion.

    Saudi Arabia is aiming to increase the investment volume to 30 percent in comparison to the current 22 percent and is plans to achieve GDP target of 10 percent.

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