Saudi Arabia’s Crown Prince Mohammed bin Salman said the Kingdom offers investment opportunities worth $6 trillion over the next decade, with new projects representing half of this value, he said in a speech at the World Economic Forum on Wednesday.
The Crown Prince, whose remarks were reported by the Saudi Press Agency, “indicated that 85% of this huge economic program will be funded by the Public Investment Fund (PIF) and the Saudi private sector, while the remainder will be through stimulating foreign capital from the GCC countries and all countries of the world,” according to the SPA. The Crown Prince said he “appreciated the role of serious and active partners who provide added value in transferring and localizing knowledge and technology and enhancing talent within the Kingdom.”
The Crown Prince touched on the Kingdom’s progress so far in working toward goals set out in Saudi Arabia’s Vision 2030 social and economic reform plans, saying achievements have come “within the framework of rapid transformation and reforms in the past four years, and that those reforms will double in the next ten years.”
Crown Prince Mohammed “also stressed the role played by the Kingdom in the framework of promoting development, supporting the stability of the region, and preserving the energy supply market, stressing the continuation of that role in the interest of the region, establishing security and peace and enhancing economic cooperation,” the SPA said.
