Saudi Arabia’s government plans to invest around $27 B on an industrial development program during 2019 and 2020 to offer more investment opportunities, Aabed Al-Saadoun, Deputy Minister of Energy, Industry and Mineral Resources said on January 28, Zawya reported citing Reuters.

The development program includes several fields, including mining and energy sectors inside the kingdom.

Saudi Arabia’s budget for 2019 is estimated to be around $8.8 B, which is three times the allocated previous budget.
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The budget will be directed to mining, energy, industry and logistics sectors, said Khalid Al-Falih Saudi Energy Minister in a tweet in December 2018.