Saudi Arabia seeks more than $425 billion in investments for massive infrastructure program

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Saudi Energy Minister Khalid al-Falih speaks to the media during Saudi government ministers brief in Riyadh, Saudi Arabia December 19, 2018.

Faisal Al Nasser | Reuters

Saudi Energy Minister Khalid al-Falih speaks to the media during Saudi government ministers brief in Riyadh, Saudi Arabia December 19, 2018.

Saudi Arabia is seeking to attract 1.6 trillion riyals (nearly $429 billion) in private sector investment over the next 10 years for a landmark infrastructure and industrial program as part of its economic diversification campaign, Energy Minister Khalid al-Falih announced Saturday.

Source: CNBC

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