Middle East

Saudi Arabia plans $100 bln renewables investment, says minister

1 minute read

Saudi Energy Minister, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud speaks during the UN Climate Change Conference (COP26), in Glasgow, Scotland, Britain, November 10, 2021. REUTERS/Yves Herman

RIYADH, Dec 13 (Reuters) - Saudi Arabia's energy minister on Monday said that the kingdom plans to invest 380 billion riyals ($101 billion) in renewable energy projects and a further 142 billion riyals in energy distribution through 2030.

Prince Abdulaziz bin Salman al-Saud was speaking at a budget conference in Riyadh.

($1 = 3.7513 riyals)

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Reporting by Yousef Saba Editing by David Goodman

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