2023-11-20 18:30:19
Dammam: Another record increase in foreign direct investment in Saudi Arabia. The value of foreign investors in the capital market has increased by 300 percent in the last five years, according to the Saudi Capital Market Authority.
A record increase in the number of foreign investors and companies investing in Saudi Arabia. Figures released by the Saudi Capital Market Authority indicate that foreign investment capital coming into the country has increased by three hundred percent. With this, the value of foreign investment in the country has reached 347.01 billion riyals.
In 2018, it was 86.86 billion riyals, where a big growth was recorded. The significant growth in foreign investment indicates a strong expansion of the financial market and increased confidence of the international community in the Saudi financial market, the insiders said. Foreign investment has been boosted by the relocation of regional offices of global monopoly companies to the country, increased investment opportunities and easing of procedures.
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