Prince Mohammed bin Salman: The anti-corruption campaign amounted to 247 billion riyals in 3 years

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The Saudi Crown Prince, Prince Mohammed bin Salman, said that the Kingdom is seriously seeking to work to double the size and diversification of the economy.

While noting that Saudi Arabia was able in a short period of time to achieve unprecedented achievements, he stressed that “Saudi Arabia is one of the largest and most important economies in the world.”

He added, “We have achieved rapid growth in the past three years,” noting that the non-oil GDP is the main indicator of the success of our economic plans.

While expressing optimism for an acceleration of growth with the end of the Corona pandemic, he said that Saudi Arabia is one of the top 10 countries in the G20 in dealing with the consequences of Corona.

He continued, “Saudi Arabia has achieved first place in digital competitiveness at the level of the G20.”

In addition, he said that increasing employment rates is one of the government’s priorities, indicating that the government’s programs and policies will reduce unemployment at 7% before 2030.

He stressed that the government has undertaken a wide restructuring to boost non-oil revenues.

On the other hand, Prince Muhammad bin Salman stated that corruption consumed between 5 to 15% of the state budget, saying: “Corruption has spread in Saudi Arabia during the past decades like cancer.”

He revealed that “the anti-corruption campaign has reached 247 billion riyals within 3 years.”

Regarding the sovereign fund, he said: “The Public Investment Fund contributed to the development of the economy.”

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