Saudi Arabia expects $200 billion in investments for energy sector

Published June 7th, 2001 - 02:00 GMT

The Kingdom of Saudi Arabia has recently adopted a comprehensive long-term gas development and excavation program aimed at increasing its gas output, according to the London based Al-Hayat daily. This plan aims to satisfy the rising domestic gas consumption in the kingdom by the year 2025. Implementation of the project will require investments of approximately $44 billion, which the government has committed to supply.  

 

Market specialists estimate that Saudi Arabia will need nearly $200 billion of investments in the energy sector alone over the next 20 years to reach the desired level of progress in this sector. —(MENA Report)  

© 2001 Mena Report (www.menareport.com)


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