19 Hrs
Source:
الاقتصادية
Saudi Investment Minister on fiscal confidence
Saudi Investment Minister Fahad al-Saif affirmed that Saudi Arabia's financial sustainability policy has enhanced investor confidence, leading to a 5.2% increase in foreign direct investment during the first half of the year, with the energy sector growing by approximately 6.5%. He pointed out that the energy sector has been pivotal in eliminating uncertainty, contributing 22% of the total investments amounting to 6 trillion riyals over the past five years since 2021. Investments have nearly doubled since 2015, with a 50% rise in the last five years. He emphasized that the successes of 2023 confirm ongoing growth despite challenges.
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