Friday, 16 April 2021 11:43 GMT

Saudi to invest USD140.15b in the transport sector


( MENAFN ) Saudi Arabia is set on dedicating a total of USD140.15 billion investment to the transport sector for the next 10 years as an attempt to expand the Kingdom's infrastructure, Arab News reported.

According to the Governor of Saudi Arabian General Investment Authority (SAGIA), among the country's plans of an enhanced infrastructure are the construction of a network, ports, and airports.

Additionally, the Kingdom is trying to implement solid means and provide applicable environment to make investments for Japanese companies easier in the Saudi markets.

"The Kingdom is undertaking massive projects in a number of sectors worth hundreds of billions of riyals." The SAGIA governor said in a statement.


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