Saudi Energy Minister Khalid Al-Falih estimated the kingdom's
mineral wealth to exceed $346 billion, expecting almost
$430 billion in investments by 2030.
The Saudi minister said during his participation in the Future Investment Initiative Conference 2018 hosted in Riyadh, also known as Davos in the Desert.
Al-Falih said the kingdom expects to attract investments of more than 1.6 trillion riyals ($427 billion) by 2030 as part of its efforts to boost industry.
"The program of developing the national industry and logistics is the largest and most important and has a great impact on the Saudi economy," he added.