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Homeglobal investing hot spotsSaudi Arabia ‘truly transforming the energy system,’ says ABB chief

Saudi Arabia ‘truly transforming the energy system,’ says ABB chief

  • Speaking at Riyadh's Future Investment Summit on Wednesday, ABB CEO Ulrich Spiesshofer said, "Saudi is truly transforming the energy system."
  • The kingdom aims to raise about $100 billion by taking a portion of its state oil giant Saudi Aramco public next year. The funds will underwrite an effort led by Crown Prince Mohammed bin Salman to diversify the nation's economy through a plan called Vision 2030.

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