Saudi Crown Prince, Mohammed bin Salman, expected Saudi’s public investment fund to reach the target of $400 billion by the end of this year. "Recent reforms have reflected important figures, notably tripling non-oil revenues in the Kingdom's budget," he said.
His speech was delivered at a press conference held in Riyadh in presence of the Vice President of UAE and Prime Minister of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, the Bahraini Crown Prince, Salman bin Hamad Al Khalifa, and the Prime Minister of Lebanon, Saad Hariri. He said that he believes "The Kingdom will continue its reforms and infrastructure spending, and the economy will continue to grow by 2.5% this year."
"The current budget is the largest in Saudi Arabia, and next year we will approve the first budget of more than one trillion Saudi riyals," he said.
The Saudi Crown Prince pointed out that Saudi Arabia ranks 39 out of 140 countries on the World Competitiveness Index issued by the World Economic Forum.
Source: Al-Arabiya.net
