Saudi Arabia to become one of the top 15 economies globally by 2030: Minister

Saudi Arabia to become one of the top 15 economies globally by 2030: Minister
Abdulrahman Al-Fadley, Saudi minister of environment, water and agriculture spoke at the Saudi Spanish Investment Forum in Riyadh. (File)
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Updated 05 June 2022
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Saudi Arabia to become one of the top 15 economies globally by 2030: Minister

Saudi Arabia to become one of the top 15 economies globally by 2030: Minister

RIYADH: Saudi Arabia is aiming to become one of the top 15 economies globally by 2030, as the country focuses more on non-oil sectors including tourism, according to Abdulrahman Al-Fadley, Saudi minister of environment, water and agriculture. 

 While speaking at the Saudi Spanish Investment Forum in Riyadh on Sunday, the minister said that the Kingdom’s gross domestic product will become $1.3 trillion by the end of this decade. 

He added that Saudi Arabia and Spain have signed six agreements and memorandum of understanding in the defense, trade, and tourism sectors. 

The minister also said that the National Investment Strategy which was unveiled in October 2021 will triple the investment in the Kingdom by 2030.