Warning: Use of undefined constant TD_THEME_VERSION - assumed 'TD_THEME_VERSION' (this will throw an Error in a future version of PHP) in /home/infocus/public_html/en/wp-content/plugins/td-amp/td_amp_version_check.php on line 20

Warning: Use of undefined constant TD_DEPLOY_MODE - assumed 'TD_DEPLOY_MODE' (this will throw an Error in a future version of PHP) in /home/infocus/public_html/en/wp-content/plugins/td-amp/td_amp_version_check.php on line 20

Warning: Use of undefined constant TD_THEME_VERSION - assumed 'TD_THEME_VERSION' (this will throw an Error in a future version of PHP) in /home/infocus/public_html/en/wp-content/plugins/td-amp/td_amp_version_check.php on line 25

Warning: Use of undefined constant TD_THEME_NAME - assumed 'TD_THEME_NAME' (this will throw an Error in a future version of PHP) in /home/infocus/public_html/en/wp-content/plugins/td-amp/td_amp_version_check.php on line 25
Saudi Arabian government to spend $27 billion on industry development plan – Saudi In Focus

Saudi Arabian government to spend $27 billion on industry development plan

Saudi Arabia’s Minster of Transportation Nabeel Al-Amudi gave the opening remarks at the Saudi Industrial Development program. (AN Photo/Ziyad Alarfaj)

  • Saudi Arabia’s 2019 budget allocated $8.7 billion for the energy, industry, mining and logistics sectors
  • Saudi Arabian government will spend $27 billion in 2019 and 2020

RIYADH: The Saudi Arabian government will spend $27 billion in 2019 and 2020 as part of its industrial development programme, Aabed Abdullah Al-Saadoun, Deputy Minister of Energy, Industry and Mineral Resources said on Monday.

The programme is offering investment opportunities in mining, industry, logistics and energy sectors inside the kingdom, according to a document distributed to participants at an investment conference the deputy minister was addressing in Riyadh.

The programme is offering investors the opportunity to invest in projects such as plants that manufacture rubber, catalysts and vehicles, it said.

Saudi Arabia’s 2019 budget allocated $8.7 billion for the energy, industry, mining and logistics sectors, Energy Minister Khalid Al-Falih said in a tweet in December.

That is more than three times the amount allocated in the previous budget, he said, in a sign the kingdom is keep to boost diversification in these key sectors to create jobs for Saudis and wean economy off oil.

 

http://www.arabnews.com/node/1443181/saudi-arabia

 

 

 

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *