Saudi Arabia issues 8,500 foreign investment licenses in 2023

NOHA.GAD
Feb 27, 2024

Riyadh - Sharikat Mubasher: Saudi Arabia issued over 8,500 foreign investment licenses in 2023, marking a 96% increase compared to around 4,440 in 2022, a recent report released by the National Transformation Program (NTP) revealed.

In 2023, Riyadh became an attractive investment destination for global investors, whereby over 200 companies obtained their licenses to open regional headquarters in the Kingdom.

The report stated that the Invest Saudi platform provided around 1,283 investment opportunities, prioritizing 15 strategic sectors based on their growth potential, including tourism and entertainment, communications and information technology, advanced industries, financial services, real estate, transportation and logistics services, and others.

According to the Global Entrepreneurship Monitor report 2022-2023, the Kingdom ranked second best economy for business, achieving the first place in four sub-indicators: ‘It is easy to start a business’; ‘Good opportunities to start a business in my area’; ‘Know someone who started a new business’; and ‘Personally have the skills and knowledge’.


Share

Related News

SVC invests in 40 funds, deploys SAR 1.2 bn capital
News
Calendar Icon
April 18, 2024
SVC invests in 40 funds, deploys SAR 1.2 bn capital
Read More
Virgin Mobile Saudi, Hitek to develop smart cities in Kingdom
News
Calendar Icon
April 18, 2024
Virgin Mobile Saudi, Hitek to develop smart cities in Kingdom
Read More
Saudi EXIM Bank signs reinsurance deals with Swiss entities
News
Calendar Icon
April 18, 2024
Saudi EXIM Bank signs reinsurance deals with Swiss entities
Read More
Aljadaan: decisive financial policies bolster sustainability
News
Calendar Icon
April 18, 2024
Aljadaan: decisive financial policies bolster sustainability
Read More
Tourism Fund, Karisma Hotels to develop resorts in Kingdom
News
Calendar Icon
April 18, 2024
Tourism Fund, Karisma Hotels to develop resorts in Kingdom
Read More
Saudi Arabia sees 26% rise in passenger numbers in 2023
News
Calendar Icon
April 17, 2024
Saudi Arabia sees 26% rise in passenger numbers in 2023
Read More
Number of private sector employees in Kingdom hit 11 mn
News
Calendar Icon
April 17, 2024
Number of private sector employees in Kingdom hit 11 mn
Read More
Neom plans to sell SAR 5 bn sukuk
News
Calendar Icon
April 17, 2024
Neom plans to sell SAR 5 bn sukuk
Read More
National Digital Talent Incubator welcomes new cohort
News
Calendar Icon
April 17, 2024
National Digital Talent Incubator welcomes new cohort
Read More
Modon unveils 32 supporting units at Dammam 2nd Industrial City
News
Calendar Icon
April 17, 2024
Modon unveils 32 supporting units at Dammam 2nd Industrial City
Read More