Ministry aims to boost Saudi Arabia’s position as top investment hub: Al-Falih

31/03/2021 Argaam

Minister of Investment Khalid Al-Falih

The Ministry of Investment is seeking to make Saudi Arabia into a leading investment hub to boost sustainable economic growth and be one of the top-performing investment markets through the “Shareek” initiative, according to industry minister Khalid Al-Falih.

 

“The private sector entities are key partners in the Kingdom’s economic and investment development,” Al-Falih added.

 

The initiative, “Shareek”, aims to enhance the contribution of local companies towards the country’s economic growth, development and success.

 

“We seek to improve the investor’s experience to help generate higher returns, which will reflect positively on the economy,” he noted.

 

The foreign direct investments (FDIs) grew 20% in 2020, despite the negative repercussions of the COVID-19 outbreak.

 

Al-Falih further indicated that the Saudi Vision 2030 implemented a series of sweeping reforms which bolstered the country’s economic resilience.

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