Saudi Arabia’s oil giant Aramco is planning to invest $110 billion (Dh404bn) to develop unconventional gas reserves in the Al Jafura field in the eastern region of the kingdom, the state-run news agency reported on Saturday.

Development of the field is expected to generate over a period of 22 years a net income of $8.6 billion annually for the government and contribute an estimated $20bn to the country’s gross domestic product, Saudi Arabia’s Crown Prince Mohammed bin Salman said, according to Saudi Press Agency (SPA).

Prince Mohammed directed that the field’s gas production be allocated as a priority to domestic sectors such as manufacturing, electricity, water desalination and mining to keep pace with growth rates outlined by Vision 2030 economic transformation programme, SPA said.