A new report says Saskatchewan will need to attract $20 billion to $30 billion in capital investment a year until 2032 to finance growth.

And the Conference Board of Canada says that much money for resource mega-projects realistically isn't going to come from within Canada.

Report author Michael Grant says Saskatchewan has to be open to foreign investors -- including state-owned enterprises.

Grant says a high-profile political objection to a deal could undermine the province's reputation as a good place to invest.

For example, the report says Saskatchewan has welcomed some Chinese companies to explore and conduct feasibility studies in potash.

It says the province needs to prepare for the day when a major Chinese state-owned company decides to invest.