Saudi plans to invest $3.2 trillion to boost private sector

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RIYADH, Saudi Arabia (AFP) — Saudi Arabia announced plans Tuesday to pump $3.2 trillion in fresh investments by 2030 to boost the private sector, as the OPEC kingpin pushes to diversify its oil-reliant economy. The announcement by de facto ruler Crown Prince Mohammed bin Salman comes as the petro-state battles high unemployment and a coronavirus-triggered downturn. “The total investment injected… into the national economy is expected to reach 12 trillion riyals ($3.2 trillion) by 2030,” […]