Saudi Arabia's King Abdullah said that the investment program of the Saudi public and oil sectors for the next five years will exceed $400 billion, Riyadh-based Al Jazirah daily reported Monday.
The Saudi government will go ahead with its investment program by spending on projects and basic services, King Abdullah said in his speech to the G20 meeting, the paper reported.
The kingdom is coordinating with other Arab countries to help reduce the fallout of the global financial crisis, he said according to the paper.