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 30 - Thumb

Saudi and IBM developing AI in several Arabic dialects

Saudi Arabia and IBM have joined hands to pioneer a transformative project - a generative AI programme designed to embrace the rich tapestry of Arabic dialects.

This innovative venture, spearheaded...

Read more
BSUS News 29 - Thumb

Saudi Arabia to welcome European Chamber of Commerce

Saudi Arabia will see the first European Chamber of Commerce in the Gulf region open in Riyadh, according to the EU’s special representative for the Gulf region.

The inaugural European Chamber of...

Read more
BSUS News 28 - Thumb

Saudi Arabia's non-oil activity increasing in line with Vision 30

Saudi Arabia's non-oil business activity grew at a steady rate in April according to a recently published survey with domestic demand driving output.

The seasonally adjusted Riyad Bank...

Read more
BSUS News 27 - Thumb

Saudi Arabia attracting GCC companies to lucrative opportunities

Saudi Arabia is attracting an influx of companies from across the Gulf Cooperation Council (GCC) due to burgeoning prospects and transformative development sweeping through the Kingdom.

Moreover, the...

Read more
BSUS News 26 - Thumb

Saudi sovereign wealth fund holds SAR 3.5 trillion in assets

Saudi Arabia’s Public Investment Fund (PIF) has enjoyed a 55 percent increase in assets under management and is now valued at SAR 3.49 trillion (USD 925 billion).

According to figures from the US...

Read more
BSUS News 25 - Thumb

Saudi Arabia waives customs duties to boost industrial sector

Saudi`s Ministry of Industry and Mineral Resources has announced that customs duties on selected manufacturing products will be waived from April 1.

The decision aims to help businesses with valid import...

Read more
BSUS News 24 - Thumb

Saudi CEO`s forecast business optimism and economic growth

Saudi Arabian Chief Executive Officers have shown unprecedented optimism for the economic growth prospects of the Kingdom over the next year.

According to a study by Price Waterhouse Coopers (PWC)...

Read more
BSUS News 23 - Thumb

Saudi Arabia to add 250,000 hotel rooms, revises tourist targets

Saudi Arabia plans to add 250,000 hotel rooms by 2030 according to the Kingdom’s Ministry of Tourism, with 75,000 to be contracted to the private sector. Meanwhile, approximately 12 resorts on the Red...

Read more

Page Break