US-Saudi Business Council Reviews Kingdom's Vision 2030 New York 3

  • 2/10/2023
  • 14:21
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On the other hand, Eng. Khalid Al-Falih highlighted the importance of preserving the gains of the energy sector, further diversification of the economy and raise the proportion of income from non-oil sectors, including entertainment, defense, financial services, infrastructure, education, health care, defense, financial services, infrastructure, education and health care. For equipment and services in the oil and gas sector, he said the local content will be increased from 35% to 70% over the next five years, in an initiative that provides great opportunities for American companies to invest in the Kingdom, as the latter will build new power plants to promote high-tech industries through education, research, development, innovation and business projects, along with its commitment to build a digital infrastructure and the digital economy, in a wide scale, to support e-government and advanced scale initiatives of industrial and commercial activities. -- more 01:48 LOCAL TIME 22:48 GMT www.spa.gov.sa/w

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