Saudi Arabia announces national and foreign investment projects worth more than 200 billion riyals Other Services

Minister of Energy, "the program aspires to attract one trillion and 600 million riyals of investments up to 0302, many of which have been launched, and we will announce many possibilities and incentives and with the support of the Crown Prince who agreed to sponsor this event personally and honored with his presence. This is a great indication of the importance of the program and the sectors that work. The size, quantity and quality of the targets T will deliver the program to support leadership «.

Khalid pointed out that the program is one of the 31 programs to achieve the vision of 0302 under the name of the development of national industry and logistics (Ndlib) He added: "In my opinion, the program will be the most economically influential programs and will achieve unprecedented growth and integration between 4 sectors of the economy Saudi Arabia, the industrial sector, mining, energy, and services Logistics, including railways, ports, free economic cities, and intelligent logistics networks. "

Al-Falih spoke about more than 43 organizations working through this program, and there are 303 initiatives under his umbrella. "Over 200 billion project documents will be exchanged during the launch, some of which have reached the stage of financing or have moved on to another stage until the final stage of construction and are going very well. There are 70 projects between small and giant ... ) We will display ready-made investment cards with all details and incentives with a minimum value of 07 billion riyals There are also projects in the transport of which the land bridge alone may exceed all the deals we offer and did not include, but it is part of the trillion and 006 billion riyals.

"Logistics is one of the pillars of Vision 0302 and aims to transform the Kingdom into a global logistics center that focuses on increasing non-oil exports and making the Kingdom an export and re-export platform through the development of infrastructure projects and digital transformation projects," said Nabil Al Amoudi, Minister of Transport. Procedures and procedures H to facilitate. He added: "There are 06 initiatives in logistics services worth 531 billion riyals, including the establishment and expansion of five airports and 2,000 kilometers of railways, and is expected to contribute 122 billion riyals in GDP by 0302.

Al-Amoudi said that the airports will be in Taif, Qaryat, Qunfudah, Hail and Fursan, pointing out that there is a study to establish an airport in Riyadh. , And there is a project under study with the Ministry of Energy in Yanbu to supply ships with fuel and the private sector It is optimal to invest in this project «.

In the presence of Crown Prince and more than 009 Saudi and international investors
In the presence of the Saudi Crown Prince Prince Mohammed bin Salman, Saudi Arabia will announce on Monday a program to develop national industry, logistics and national and foreign investment projects worth more than 200 billion riyals and aim to attract one trillion and one hundred billion riyals by 2010.

Minister of Energy, Minister of Transport, HE Khalid Al Falih, and Minister of Transport Nabil Al Amoudi during the press conference.
The Kingdom will announce on Monday investment projects worth more than SR 07 billion for Saudi and international investors. Coming.

Al-Falih explained that the national industrial development program and the logistics services which will be launched tomorrow will witness a great demand from local and international investors. The number of applications exceeds 1,000 applications, noting that the program will accommodate some 900 applicants. "There will be a lot of private sector participation inside and outside the Kingdom, and the largest share will be left to the Saudi private sector, the government's main partner in leading and implementing this program," he said.