Goldman Sachs: 73% of the Kingdom’s investments will go towards non-oil sectors

Goldman Sachs expects the Kingdom to direct about 73% of its total investments to non-oil sectors by 2030.

This increasing allocation towards non-oil investments leaves only a quarter of the remaining funds for the oil sector, as the Kingdom focuses on industries that support economic diversification such as metals and logistics, in addition to digital transformation. According to what was reported by “Al Arabiya”

Although capital spending in the oil sector is expected to decrease by $40 billion between now and 2028, natural gas remains a major contributor to the country’s plans to reduce carbon, economic development, and diversify the economy.