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Foreign direct investment in Saudi Arabia to grow by 2030

Article-Foreign direct investment in Saudi Arabia to grow by 2030

King Abdulaziz Financial District, View from ring road
As part of its Vision 2030 to increase investment into the country, Saudi Arabia looks poised to grow foreign direct investment.

Opportunities for the private sector in the Kingdom will exceed about SR3.2 trillion by the end of the decade, according to KSA Minister of Investment Khalid Al-Falih.

While foreign direct investment in KSA is expected to increase 20 times by 2030 compared to current levels.

Since the launch of Saudi’s Vision 2030, the country has created attractive investment opportunities by introducing financial reforms and launching several giga-projects centred around liveability, eco-tourism, and wellness.

Al-Falih spoke during the Saudi-Thai Investment Forum, that sought to cement investment relations and increase bilateral trade between the two countries.

Al-Falih emphasised that the Kingdom by 2030 would look to become one of the 15 largest economies in the world.

Last year, the Saudi government announced its aim to make Riyadh one of the 10 richest cities in the world through investment, economic growth, and job creation. Riyadh is currently the fortieth largest city economy globally.


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