Saudi Arabia eyes foreign investments of high economic impact: Al-Falih

11/12/2022 Argaam

Saudi Arabia eyes foreign investments of high economic impact: Al-Falih

Khalid Al-Falih, Minister of Investment

Saudi Arabia aims to attract foreign investments of high economic impact, which open sectors that might be unavailable in the Kingdom, Minister of Investment Khalid Al-Falih said today, Dec. 11, during the Budget Forum 2023.

 

National investments will likely reach SAR 1.7 trillion out of the targeted SAR 2 trillion by 2030. Meanwhile, foreign investments will make up less than 20% of total gross fixed capital formation.

 

The National Investment Strategy (NIS) drives investment in the Kingdom, Al-Falih added, noting that NIS is the link between the regional strategies.

 

Investment and the private sector contribution serve as a key chapter in every strategy launched under Vision 2030, Al-Falih said, adding that pegging Saudi riyal at a fixed rate to the US dollar stabilizes the Saudi and foreign private sector.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read