Saudi Arabia surpasses 2030 investment target: Al-Falih

22/01/2025 Argaam
Investment Minister Khalid Al-Falih

Investment Minister Khalid Al-Falih

Investment Minister Khalid Al-Falih said Saudi Arabia has surpassed its $3.3 trillion investment target for the base economy, originally set for completion by 2030.

 

Investment Minister Khalid Al-Falih said Saudi Arabia has surpassed its $3.3 trillion investment target for the core economy, originally set for completion by 2030.

 

Speaking with Bloomberg at the World Economic Forum in Davos, he said these projections were part of Vision 2030.

 

Capital formation targets have already been exceeded, with a significant portion deployed into the base economy, the minister added.

 

Al-Falih said the government is slowing spending to let the private sector drive growth, indicating that the Public Investment Fund (PIF) plays a key role but accounts for only 15% to 20% of total investments.

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