Saudi Arabia plans to invest $1 trillion in six strategic sectors by 2030, with 73% in non-oil sectors.

Saudi Arabia plans to invest $1 trillion in six strategic sectors by 2030, with 73% of capital expenditures allocated to non-oil sectors, according to Goldman Sachs. This shift in investment priorities aligns with the country's economic diversification, decarbonization, and development plans. Natural gas remains a crucial part of these efforts, while the kingdom aims to reduce its spending on the oil sector by $40 billion by 2028.

August 16, 2024
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