Saudi Arabia aims at luring US$ 624 billion in foreign direct investment (FDI) over the next 14 years, of which some 37% is expected to the oil and gas sector; 30% for water and electricity projects; 26% for refining and petrochemicals; and 7% for transport.
The Kingdom is also expected to launch an ambitious privatization plan in the wake of its accession to the World Trade Organization (WTO) which will see a further estimated US$ 800 billion worth of state assets sold off over the said period.
