Riyadh - Sharikat Mubasher: The Saudi Ministry of Investment (MISA) launched a new initiative to support Saudi investors and companies in their global expansion plans, notably in concluding mutual investment agreements.

The new initiative targets taking the inventory of private sector direct expenditures abroad.

This move reflects the ministry’s endeavors to diversify the Kingdom’s economy and strengthen its global economic presence.  

As part of the initiative, MISA prepared a detailed questionnaire to record the direct investments of private sector companies abroad. It seeks information on various aspects, including the company’s name, the year investment began, and the country and city of investment as well as the sector name.

The questionnaire also includes the value of the investment in dollars, the percentage of partnership or ownership, and additional notes about foreign investments.

The new initiative consolidates the Kingdom’s dedication to enabling the private sector to explore international investment opportunities, in alignment with Vision 2030 goals.