About: http://data.cimple.eu/news-article/b0c2a956bf5767fa88cb82bdd66a62241ef64032ca063968f3cd7f5f

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/b0c2a956bf5767fa88cb82bdd66a62241ef64032ca063968f3cd7f5f Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Saudi Arabia announced plans Tuesday to pump $3.2 trillion in fresh investments by 2030 to boost the private sector, as the OPEC kingpin pushes to diversify its oil-reliant economy. The announcement by de facto ruler Crown Prince Mohammed bin Salman comes as the petro-state battles high unemployment and a coronavirus-triggered downturn. "The total investment injected... into the national economy is expected to reach 12 trillion riyals ($3.2 trillion) by 2030," Prince Mohammed said in a speech on state television. That amount includes three trillion riyals from the kingdom's vast Public Investment Fund. The initiative would help "strengthen the private sector", create hundreds of thousands of new jobs and provide support to Saudi companies, Prince Mohammed added. The announcement comes after the crown prince said in January that the PIF, the sovereign wealth fund, would invest $40 billion annually in the domestic economy over the next five years. The kingdom is pushing to boost job creation and revive businesses decimated by the pandemic. Joblessness in Saudi Arabia touched 14.9 percent in the third quarter of 2020, dipping slightly from an all-time high of 15.4 percent in the previous quarter, according to official data. Last year, the twin shocks of the pandemic and a drop in oil prices prompted the top crude exporter to triple its value-added tax and suspend a monthly allowance to civil servants to rein in a ballooning budget deficit. Saudi Arabia, the biggest Arab economy, has been struggling to attract foreign investment, a key pillar of Crown Prince Mohammed bin Salman's "Vision 2030" economic diversification plan to boost non-oil revenue. bur-ac/dv
schema:headline	Saudi plans to invest $3.2 trillion to boost private sector
schema:mentions	Public Investment Fund of Saudi Arabia Arab League Rein Mohammad bin Salman OPEC Crown Prince of Saudi Arabia Sovereign wealth fund Government budget balance De facto Prince Value-added tax Saudi Arabia Pandemic Saudi Vision 2030
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software