Saudi Arabia To Invest $1 Trillion In Infrastructure By 2030: Economy Minister

Saudi Arabia's Minister of Economy and Planning, Faisal Alibrahim, stated that the Kingdom's non-oil sector is poised for substantial growth by next year. The minister also said that the infrastructure investments are expected to reach approximately $1 trillion by 2030, supported by long-term private-sector strategies.

During the Public Investment Fund (PIF) Private Sector Forum, the minister noted PIF's role in economic growth by establishing and funding strategic companies. Faisal Alibrahim also highlighted the importance of diversifying the economy and reducing reliance on a single revenue source by strengthening non-oil sectors and boosting high-value exports. The minister described Saudi Arabia's economic transformation as more than a transitional phase, calling it a fundamental shift that redefines the national economy.