Saudi companies to invest $51 billion under government-backed plan

Other investments in the telecommunications and logistics will also receive Shareek support.

Prince Mohammed had announced 12 trillion riyals of investments that the kingdom is planning by 2030, which include the Shareek programme, 3 trillion riyals from the Public Investment Fund and 2 trillion in foreign investment. As part of the plans, officials have also pressed international companies to invest in Saudi Arabia and move their regional headquarters to Riyadh in order to benefit from government contracts.

But the kingdom has struggled to attract foreign direct investment , one of the pillars of Vision 2030, which reached just under $4.1 billion in the first half of 2022, a fraction of the $100 billion target for the end of the decade.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Saudi Investment Chief Ordered To Appear In Court As PGA-LIV Golf Legal Drama Heats UpYasir bin Othman Al-Rumayyan, governor of the $500 billion (assets) Public Investment Fund of Saudi Arabia, has 21 days to respond to the summons as the bitter professional golf power struggle boils over into geopolitics. Britain and Amerca you are facilitating the biggest humanitarian crisis of our times in Yemen by being allies, arms dealers! You are endorsing their denying woman, homosexuals and other minorities of human rights with that and other dealings with them with other Western countries It is hypocrisy to criticize islamic fundamentalism and terrorism on one hand and as a country ally with such evil! Contact your local representative and tell them stopsuportingsaudi
Bron: Forbes - 🏆 394. / 53 Lees verder »