Riyadh, Nov 22 (SocialNews.XYZ) Saudi Arabia has announced that it will launch a national investment strategy next year, according to a state media report.
On Saturday, Saudi Minister of Investment Khalid Al-Falih revealed in Riyadh at a media briefing ahead of the Group of 20 (G20) Leaders' Summit that the strategy grants full ownership rights to Saudi and foreign investors, Xinhua news agency quoted the report as saying.
Despite a global pandemic, Saudi Arabia was not distracted from its strategy and Vision 2030, he said.
"In fact, we doubled down on it. We accelerated our reforms. We continued to diversify our economy, and commit our resources to make sure that Vision 2030 is not derailed by the Covid-19," the Minister added.
He said that the strategy would ensure an increase in investment opportunities and involves the establishments of industrial cities and various economic zones.
The strategy will cover different sectors, including tourism, culture, sports, industries, Artificial Intelligence, technologies and health.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
