Dubai, United Arab Emirates (CNN) – The Saudi Crown Prince, Prince Mohammed bin Salman, has revealed the value of investment opportunities in the Kingdom of Saudi Arabia that reach 6 trillion dollars over the next 10 years.
This came during the participation of the Saudi Crown Prince in a strategic dialogue session within the activities of the World Economic Forum, in the presence of more than 160 influential international business leaders and entrepreneurs, representing 28 sectors and 36 countries, according to the official Saudi Press Agency.
The Saudi Crown Prince said that among the $ 6 trillion, “$ 3 trillion is investments in new projects, within the framework of the opportunities provided by Vision 2030 to unleash the Kingdom’s untapped capabilities and establish new and promising growth sectors.”
He explained that “85% of this huge economic program will be funded by the Public Investment Fund and the Saudi private sector, while the remaining percentage will be through stimulating foreign capital from the Gulf countries and all countries of the world, to enter into investments in promising sectors and traditional sectors with efficiency, in light of The Kingdom’s intention to rise to the leadership position in renewable energy, the fourth industrial revolution, tourism, transportation, entertainment and sports, based on the assets it possesses and the gains it possesses.
Prince Mohammed bin Salman stressed that “the year 2020 was full of challenges and that the Kingdom was ready for that as the transformation journey that was launched a few years ago took all the country’s axes to new dimensions, in the economic aspects, government work and social aspects, and created quality investment opportunities.”