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28

Saudi Arabia Kicks Off $426 Billion Infrastructure Bonanza

By Tony Seruga

Saudi Arabia looking to break reliance on oil sales for income
Investment target ‘growing as we speak,’ energy minister says

Saudi Arabia unveiled a sweeping plan to develop infrastructure and industry across the world’s leading oil-exporting nation.

Crown Prince Mohammed bin Salman, who’s embarked on the biggest overhaul of the Saudi economy in its modern history, on Monday presided over the signing of agreements in planned deals before an invite-only crowd in Riyadh. The program will net more than $426 billion in investments by 2030 and add 1.6 million new jobs, according to a government statement…

Saudi Arabia Kicks Off $426 Billion Infrastructure Bonanza

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