Saudi plans economic overhaul with $3.2tn investment by 2030 ...Qatar

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Saudi plans economic overhaul with $3.2tn investment by 2030
Saudi Arabia has announced plans to pump investments worth $3.2tn into the national economy by 2030, roping in the oil-reliant kingdom’s biggest companies in a major new economic diversification push. The announcement by Crown Prince Mohamed bin Salman underscores an effort to jumpstart the domestic economy amid high youth unemployment and a coronavirus-triggered downturn. “The total investment injected...into the national economy is expected to reach 12tn riyals ($3.2tn) by 2030,” Prince Mohamed said in a speech carried by state television. Twenty-four of the kingdom’s biggest companies, including energy giant Aramco and petrochemical firm Sabic, will lead the investment drive by contribut

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