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Bloomberg
Saudi Crown Prince Mohammed bin Salman, who’s already embarked on the biggest overhaul of the Saudi economy in its modern history, is preparing to roll out details of a sweeping plan to develop infrastructure and industry across the Middle East’s biggest country by area.
Saudi Arabia is seeking 1.6 trillion riyals ($425 billion) of investment in railways, airports and industrial projects by 2030 as the world’s largest oil exporter looks to break its reliance on crude sales for government income. The kingdom could sign about 70 deals worth more than 200 billion riyals when Crown Prince Mohammed presents the plan on Monday, according to Energy Minister Khalid Al-Falih.