Riyadh - Sharikat Mubasher: Saudi Arabia is undergoing a significant transformation as direct and indirect investments reshape the Kingdom’s economy, opening new opportunities across diverse sectors and positioning the country as a global investment destination.
Since the first quarter (Q1) of 2022 until the end of Q1-24, Saudi Arabia has successfully attracted more than SAR 90 billion, with downstream industries seizing 31% of foreign direct investment (FDI), as reported by Alriyadh Newspaper.
With abundant mineral wealth exceeding SAR 9 trillion, the Saudi mining and quarrying sector is expected to magnet massive foreign investments within the upcoming few years, backed by the New Mining Investment Law that lifted barriers for FDI in the sector.
The financial and insurance sector in Saudi Arabia captured around 11% of FDI during the past two years and is anticipated to attract more investment flows within the upcoming period.
In regards to the logistics sector, the Kingdom sets its sights on launching 59 logistics centers by 2030 to provide high-quality services that achieve sustainable development and create an attractive investment environment. The Kingdom also plans to develop an inclusive logistics ecosystem that contributes to empowering business growth and enlarging investments.
