Saudi seeks to attract $427 billion with industrial program

RIYADH (Reuters) – Saudi Arabia aims to attract investment worth 1.6 trillion riyals ($427 billion) through a national industrial development and logistics program, Energy Minister Khalid al-Falih said on Saturday.

He said Saudi Arabia would announce projects in the program worth 70 billion riyals on Monday. He added that the program aimed to boost industry, mining, energy and logistics.

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