Saudi NDF to triple non-oil GDP by 2030

Saudi Arabia’s National Development Fund aims to triple the kingdom’s non-oil gross domestic product to 605 billion Saudi riyals ($161bn) by 2030.

As part of a new strategy revealed by Prince Mohammed bin Salman, who is also the fund’s chairman, NDF will also contribute more than 570bn riyals to the kingdom’s real GDP growth.

Saudi Arabia’s Vision 2030 aims to reduce the kingdom’s reliance on oil, create more job opportunities and attract private investment to boost economic development. The national infrastructure fund will invest in projects in sectors such as transport, water, energy, health, education, telecoms and digital infrastructure.

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