Saudi Arabia's economy and foreign investment grow fivefold in a decade

Over the past decade, the Kingdom of Saudi Arabia has experienced a doubling of its economy and foreign investment. Foreign direct investment inflows increased fivefold, and the number of foreign companies operating in the Saudi market grew more than tenfold. Additionally, women's participation in the workforce saw a 50% reduction in unemployment rates. Non-oil investment now accounts for approximately 40% of the non-oil GDP, positioning the Kingdom as the second-largest economy among G20 countries after China. Officials confirmed that Saudi Vision 2030 has contributed to improving the investment environment, developing new sectors, and creating high-quality investment opportunities, with a continued focus on assessing the impact of investment on economic growth and consistently achieving targets. They emphasized the Kingdom’s desire to attract Chinese companies to participate in building future industries and to expand economic and investment partnerships between the two countries.

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