$55 billion investment volume in Saudi industrial sector

Saudi Commerce Minister Osama Faqih said today that total investments in the industry sector through the end of 1997 reached more than 206 billion riyals (nearly $55 billion), in which joint investment forms nearly 54% of the total volume, with 112 billion riyals.

The volume of industrial production reached nearly 81 billion riyals annually, with exports forming more than 1/3 of its total.