Interest of foreign investors booms in Saudi Arabia

02/08/22

Saudi Arabia’s Ministry of Investment (MISA) facilitated over 100 investment contracts valued at SAR 15 billion (USD 4 billion) in the first quarter of 2022.

The investments will create over 5,800 new jobs across all sectors of the Saudi Arabian economy as the country’s National Investment Strategy and policies for diversification from hydrocarbons continue to present new opportunities and possibilities for national, regional and international investors.

The most recent data shows that foreign direct investment (FDI) into Saudi Arabia in 2021 reached SAR 72.4 billion (USD 19.3 billion), the highest in ten years. The figures were published in MISA’s Investment Highlights report which includes in-depth analysis of key investment data in Saudi Arabia.

In addition, the report incorporates detailed information on Saudi Arabia’s real estate sector and exclusive interviews with leaders and investors from the private sector. Other reported investments have been made in sectors including entrepreneurship, advanced manufacturing, defense, information and communication technology and petrochemicals.

Similarly, at a recent event, the Federation of Saudi Chambers national contracting committee announced that the value of contracting projects over the past five years reached SAR 20 trillion (USD 5.3 trillion). The sector boasts a total of 165 thousand companies, while the total number of workers entering the industry surged to 3 million. Many jobs have been localized with plans to localize even more. The event also witnessed the signing of an agreement between the Federation of Saudi Chambers and Saudi Contractors Authority that outlines the expansion of co-operation between the parties.

Emphasizing Saudi Arabia’s positive economic momentum, the IMF recently projected that its economy would enjoy the second-fastest growth of the G20 countries this year. Likewise, Fitch Ratings recently revised Saudi Arabia’s long term foreign currency issuer default rating to positive on the back of a consolidated budget surplus, restrained spending and steady market conditions.

Business Start Up Saudi Arabia offers a network of experts and specialists within the lifecycle of a business. We can offer expertise in Market Research and Assessment Saudi Arabia, Saudi Arabia Business Case, Saudi Arabia Business Model Development, Feasibility Study and Business Plan Saudi Arabia, Organizational and Operational Structuring Saudi Arabia, Saudi Arabia Sponsorship and Partnership, Company Formation Saudi Arabia among others.

Please click on the link to learn more about opportunities and possibilities in the Kingdom of Saudi Arabia as well as the initiatives of Business Start Up Saudi Arabia.

Other News

BSUS News 29 - Thumb

Saudi Arabia launches Rua Al Madinah Project

Saudi Arabia recently unveiled the Rua Al-Madinah masterplan - a mega real estate development near the Grand Mosque.

The project will be developed by the Rua Al-Madinah Holding Company,...

Read more
BSUS News 28 - Thumb

Demand for tourism services in Saudi Arabia soars

Saudi Arabia has witnessed demand for tourism services increase 108% according to a recent Business Traveler report.

Consequently, the value of tourism services reached SAR 4.1 billion (USD 1.1 billion)...

Read more
BSUS News 27 - Thumb

Saudi Arabia reports budget surplus from oil revenues

Saudi Arabia’s economy is predicted to grow at 7.6% this year according to the International Monetary Fund’s (IMF) World Economic Outlook 2022 report.

Its estimates for Saudi Arabia contradict the...

Read more
BSUS News 26 - Thumb

More investment in local industry under NIDLP

Saudi Arabia`s National Industrial Development and Logistics Program (NIDLP) invested SAR 378 billion (USD 100 billion) in local industry projects according to its 2021 report.

The program was introduced...

Read more
BSUS News 25 - Thumb

Saudi Arabia’s spending on health and education up

Saudi Arabia has increased its expenditure in the health and education sectors in the first half of 2022 according to recent figures published by the government.

These...

Read more
BSUS News 24 - Thumb

Saudi Arabia’s logistics sector is reaching out to the world

Saudi Arabia`s Ministry of Transport is developing the logistics sector to support the Vision 2030 program of social and economic reform.

Diversifying the economy away from hydrocarbons is an important...

Read more
BSUS News 23 - Thumb

Artificial intelligence to be top contributor in MENA

Artificial intelligence (AI) is estimated to contribute SAR 1.2 trillion (USD 320 billion) to the economic growth in the Middle East and North Africa (MENA) region by 2030.

The figures were derived...

Read more
BSUS News 21 - Thumb

Public Investment Fund doubles down on gaming sector

Saudi Arabia’s Public Investment Fund (PIF) is doubling down on the gaming sector, making its fourth investment this year.

As part of the country’s economic diversification strategy in line with...

Read more

Page Break