Khalid Al-Falih, the Saudi Minister of Investment, revealed the size of the gross domestic product required for his country to become one of the 15 largest economies in the world.
This came in statements by the Saudi minister during an introductory meeting on the national investment strategy, according to the Saudi Press Agency (SPA).
The minister said that the goal of the national investment strategy is to increase the quality and volume of investments in the Kingdom, which would contribute to advancing economic development and diversifying it within the framework of Vision 2030.
He pointed out that Saudi Arabia aspires to become one of the 15 largest economies in the world, and achieving this requires that the Kingdom’s gross domestic product reach 6.4 trillion riyals.
And he indicated that the strategy seeks to achieve cumulative investments of more than 12 trillion riyals by 2030, including 5 trillion riyals from partner program initiatives and projects, 3 trillion riyals from the Public Investment Fund dedicated to local investments, and 4 trillion riyals from the investments of various national and international companies under the umbrella of the National Investment Strategy .
He added that the strategy is based on a comprehensive analysis and diagnosis of investment conditions in the Kingdom, and on alignment in particular with the relevant government agencies and with sectoral strategies.