Abdul Latif Jameel is planning to invest nearly USD2 billion in Saudi Arabia over the next five years as it looks to expand across a range of industries, the Jeddah-based conglomerate said in a statement on Thursday. A total of USD500 million has already been earmarked for investments this year. Investments, set to be financed internally, will be made through the company’s various divisions and extend to country’s real estate, automotive, logistics and financial services sectors. The move is expected to create thousands of local jobs. (Argaam)