Saudi Arabia has become a competitive destination for investments in diverse sectors: Al-Qasabi

14/10/2019 Argaam

 

Saudi Arabia has become a competitive destination for investment through a stimulating environment compared to its peers, said Minister of Commerce and Investment Majid Al-Qasabi at the Saudi-Russian Chief Executives Forum in Riyadh.

 

He added that the Kingdom opened doors to investments in new sectors such as tourism, minerals, entertainment, sports, logistics, manufacturing, technology, artificial intelligence, among other promising opportunities.

 

Al-Qasabi stated the Saudi Vision 2030 and Russian strategy set for 2024 have created many favorable opportunities and promising partnerships.

 

The trade volume between Saudi Arabia and Russia exceeded SAR 23 billion in 2018, a 22 percent rise compared to the previous year, he concluded.

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