Saudi Arabia will be launching infrastructure projects worth $300 billion in the power, water, transportation, hydrocarbons, and construction sectors, reported Arab News.

The developments will also include road, rail, port and airport projects, as well several other projects.

Saudi Arabia’s Vision 2030 strategy targets private sector contribution to GDP, which is expected to increase from 40% to 65% in 2030. Additionally, it aims to build on revenues from non-oil sectors, which are expected to rise from $43 billion to $267 billion by the end of the next decade.