The amidsting efforts to reduce costs for investments, Saudi Arabia may provide $ 200 billion over the next ten years by replacing liquid fuel used in gas and renewable energy sources, Saudi Finance Minister said.
According to Arab Net, the world's largest oil exporter initiated in an ambitious reform plan in recent years to modernize the economy and provide employment and reduce dependence on oil revenues.
The minister frozen Jadan said one of the initiatives, which we would finish replacing fluids. This program will provide about 800 billion riyals ($ 213.34 billion) over the next ten years that can be exploited in investment.
Saudi Arabia signed a current month of electricity agreements with seven solar project under a plan to maximize the energy mix used in power generation.
Aljadan said instead of buying fuel from world markets and then selling to Saudi Arabia at six dollars. .
The grandpa said now and even 2025, perhaps until 2030, we will give priority for financial sustainability. We see that in order to achieve all goals developed by 2030 vision, we need to maintain financial sustainability and control government spending.
2030 is the crown Prince Mohammed bin Salman's plan to develop Saudi Arabia by reducing the adoption of the economy on oil and building new huge industries and projects in cooperation with the private sector to provide millions of jobs.
The Jadan said we did not change the unemployment target for 2030, but because we did not overcome the danger after it is very difficult to expect the unemployment rate for 2021.
"Our goal is to cut the figure so that we end the year at a lower level than in 2019, before Kovid, but can not say it will certainly occur.
