Saudi Arabia seeks $425 bln for infrastructure

Saudi Arabia

RIYADH, January 28, 2019 – Saudi Arabia is looking to secure USD 425 billion in investments in the country’s infrastructure by 2030, international media reported on Sunday.

Minister of Energy Khalid Al Falih was cited by Bloomberg as saying the details of the plan would be revealed on Monday. The plan is also set to include investment in energy, mining and other industrial projects.

The plan will focus on chemicals, power and natural gas businesses, the minister said.

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