24 Hrs
Source:
المواطن
Kingdom's strategic location and investment power
The article focused on Saudi Arabia's efforts in implementing its 2030 strategic vision, particularly by enhancing the investment environment and achieving sustainable economic growth. The report indicated that the Kingdom launched a national investment strategy in 2021, which led to a 14% increase in foreign direct investment inflows by 2025, reaching 136 billion riyals, and doubled the foreign investment stock by 120% since 2017, reaching approximately 1.1 trillion riyals. Additionally, Saudi Arabia's position in attracting foreign investment improved to the 13th globally, and the number of licenses granted to international companies increased to over 700. The Kingdom is focused on diversifying its economy, developing infrastructure, and stimulating the private sector, aiming to raise the private sector's contribution to GDP to 65% and increase non-oil exports to 50%, while creating an attractive environment for long-term investments.
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