January 26, 2019 / 5:08 PM / 23 days ago

Repeat-Saudi seeks to attract $427 bln with industrial programme

(Repeats to attach story to alerts)

RIYADH, Jan 26 (Reuters) - Saudi Arabia aims to attract investment worth 1.6 trillion riyals ($427 billion) through a national industrial development and logistics programme, Energy Minister Khalid al-Falih said on Saturday.

He said Saudi Arabia would announce projects in the programme worth 70 billion riyals on Monday. He added that the programme aimed to boost industry, mining, energy and logistics.

$1 = 3.7503 riyals Reporting by Marwa Rashad Writing by Hesham Hajali Editing by Edmund Blair

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