Saudi Energy Minister Khalid Al-Falih announced the signing of more than 25 agreements at a cost of $ 56 billion during the Future Investment Initiative conference in Riyadh.
"We have enormous wealth for non-oil derivatives to be invested in the production sector," Al-Falih said, adding that the kingdom is focusing on activating exports 10 times more for non-oil products, according to Saudi news channel Al Akhbar.
Regarding accusations of the killing of journalist Jamal Khashoggi, Al-Falih said that it was "attempts to thwart the Riyadh Investment Conference but did not succeed."
The "Future of Investment Initiative" conference started its first session last Tuesday with a large international presence. This year, 150 speakers representing more than 140 different institutions and 17 international institutions participated.