Investment Minister says SEZs to contribute 20% of total investment flows

26/05/2022 Argaam

Minister of Investment Khalid Al-Falih

Saudi Arabia’s Minister of Investment Khalid Al-Falih said that the Kingdom’s objectives are ambitious, expecting the special economic zones (SEZs) to contribute nearly 20% of total investment flows and stimulate sectors to exceed the limits of investments coming from the primary sectors of economy.

 

The Kingdom invites investors from all over the world in various fields, referring to the recent improvement of the performance of the Saudi economy to achieve unprecedented levels despite the crises facing the world, the minister told Bloomberg on the sidelines of the World Economic Forum (WEF) in Davos.

 

On the other hand, he pointed out that Saudi Arabia is committed to meeting the supply and demand in the field of energy conversion, as wind and solar energy, as well as green hydrogen that recently set new records in the Kingdom.

 

Saudi Arabia is also working to develop full value chains for electric vehicles, from manufacturing components to research, development and composite materials, as well as talent development.

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