News Formal

Saudi targets US$100b yearly in foreign investment | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

RIYADH, Oct 12 — Saudi Arabia seeks to attract foreign investment of more than US$100 billion annually under a National Investment Strategy announced Monday as part of efforts to diversify the oil-dependent economy. The strategy is expected to raise annual foreign direct investment flows to 388...

RIYADH, Oct 12 — Saudi Arabia seeks to attract foreign investment of more than US$100 billion annually under a National Investment Strategy announced Monday as part of efforts to diversify the oil-dependent economy.

SPA said it will be “a key enabler” of his Vision 2030 plan, announced in 2016 to diversify the economy of the world’s biggest oil exporter. He added that “the NIS will draw up comprehensive investment plans for sectors, including manufacturing, renewable energy, transport and logistics, tourism, digital infrastructure, and health care,” SPA said.

The Arab world’s largest economy is trying to shed its reputation as an ultraconservative nation with complicated administrative procedures and obsolete regulations.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stocks open week on mixed note | Malay MailNEW YORK, Oct 11 — Wall Street stocks were mixed early today as rising energy prices sharpened inflation worries ahead of key earnings and economic reports later in the week. Equity markets were poised for more volatility as oil prices surged to fresh multi-year highs amid worries over the...
Source: malaymail - 🏆 1. / 86 Read more »