Monday 14 March 2022

#SaudiArabia launches new strategy for National Development Fund | Reuters

Saudi Arabia launches new strategy for National Development Fund | Reuters

Saudi Arabia's crown prince on Monday launched a new strategy for its National Development Fund that will see it inject more than 570 billion riyals ($151.94 billion) into the economy by 2030, state news agency SPA reported.

Under the new strategy the fund will also help the kingdom triple non-oil gross domestic product (GDP) to 605 billion riyals in the same period, the official news agency added.

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