{"id":408353,"date":"2021-04-01T08:52:59","date_gmt":"2021-04-01T03:22:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408353"},"modified":"2021-04-01T09:37:20","modified_gmt":"2021-04-01T04:07:20","slug":"saudi-announces-1-3-trn-pvt-sector-investment-push-led-by-aramco-sabic","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-announces-1-3-trn-pvt-sector-investment-push-led-by-aramco-sabic\/","title":{"rendered":"Saudi announces $1.3 trn pvt sector investment push led by Aramco, SABIC"},"content":{"rendered":"<p>DUBAI (Reuters) &#8211; Saudi Arabia&#8217;s crown prince said oil firm Aramco and petrochemical firm SABIC would lead investments of 5 trillion riyals ($1.3 trillion) by the local private sector by 2030 under a programme announced on Tuesday for economic diversification. <\/p>\n<p>The move aims to mobilise the Gulf Arab state&#8217;s private sector to help wean the economy off its reliance on oil exports, which still account for more than half the state&#8217;s income, and develop new sectors to help create jobs for millions of Saudis. <\/p>\n<p>This is part of 12 trillion riyals worth of investments planned by 2030, Crown Prince Mohammed bin Salman said in televised remarks. That also includes 3 trillion riyals from the Public Investment Fund (PIF) and 4 trillion riyals under a new Saudi investment strategy, of which some 2 trillion would be foreign investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DUBAI (Reuters) &#8211; Saudi Arabia&#8217;s crown prince said oil firm Aramco and petrochemical firm SABIC would lead investments of 5 trillion riyals ($1.3 trillion) by the local private sector by 2030 under a programme announced on Tuesday for economic diversification. The move aims to mobilise the Gulf Arab state&#8217;s private sector to help wean the economy off its reliance on oil exports, which still account for more than half the state&#8217;s income, and develop new sectors to help create jobs for millions of Saudis. This is part of 12 trillion riyals worth of investments planned by 2030, Crown Prince Mohammed [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-408353","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=408353"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408353\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}