11/21, 1:08 PM (Source: TeleTrader)
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S. Arabia to move focus of economy from oil - minister

Saudi Arabian Investment Minister Khalid A. Al-Falih (pictured) said on Saturday the country's plan to make its economy more diverse than focus it strictly on oil, titled Vision 2030, was "more popular than ever."

Speaking at the 2020 summit of the Group of 20 (G20) in Riyadh, Falih explained Saudi Arabia was projecting the creation of special economic zones within its territory to boost growth in its output.

The country's Energy Minister Abdulaziz bin Salman Al Saud recently stated the government was planning to "go for a low-emission economy" that would include the "decarbonization of the oil sector."

Breaking the News / JR