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  2. Al-Jadaan: Kingdom increases spending on infrastructure

Al-Jadaan: Kingdom increases spending on infrastructure

NOHA.GAD
May 8, 2024
Saudi Arabia plans to continue spending on Vision 2030 program and increase its spending on infrastructure

Riyadh - Sharikat Mubasher: Saudi Arabia plans to continue spending on Vision 2030 programs and megaprojects that target achieving sustainable economic returns, Minister of Finance Mohammed Al-Jadaan stated.

The Kingdom also targets increasing its spending on infrastructure projects and public services, Al-Jadaan noted in an interview with Al Eqtisadiah newspaper.

He clarified that this strategic spending aims to accelerate economic growth, increase productivity, create more jobs, and attract private investments.

Al-Jadaan affirmed that the government updated its strategies by diversifying the economic activity and fostering potential investment opportunities in the private sector.

He emphasized the pivotal role of financial policies in enhancing financial inclusion and supporting entrepreneurship, innovation, and small and medium-sized enterprises (SMEs), in alignment with Vision 2030 goals.

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