Riyadh – Mubasher: Saudi Arabia seeks to achieve SAR 6.4 trillion in the gross domestic product (GDP) by 2030, the Saudi Minister of Investment, Khalid bin Abdulaziz Al-Falih, announced on Wednesday.
This announcement was made in a press conference during which the minister highlighted the National Investment Strategy launched in 2021.
Al-Falih remarked that the Kingdom aims to apply the same strategy of countries such as Korea and China where investments contribute to around 30% of the GDP.
The Saudi minister of investment added that the annual total investments would exceed SAR 2 trillion by 2030, up three times compared to the current SAR 650 billion level.
To fulfil this objective, investors in the private sector should be enabled to launch sustainable investments and achieve profitability.
The minister further remarked that Saudi Arabia seeks to inject SAR 27 trillion into the economy by 2030 through SAR 12 trillion investments and SAR 10 trillion government spending.