The Saudi Ministry of Investment is currently compiling information on foreign investments by private companies and creating a database for investment data in the Kingdom.
This initiative aims to be a central platform for relevant information.
All Saudi companies are urged to provide data on their foreign investments to support Saudi investors and enhance national investments globally.
The Ministry, responsible for regulating local and foreign investment, encourages private sector participation in shaping future policies and identifying opportunities to strengthen the Kingdom's global economic standing.
The collected data will be used for research and policy-making, guiding the nation's foreign investments for greater success.
The Ministry requests information on the invested country, city, sector, investment value, partnership details, and feedback on foreign investment from the private sector.
The Public Investment Fund (PIF) is actively expanding its investment portfolio locally and globally, aiming for significant financial returns to benefit the Kingdom.
In October 2022, Crown Prince Mohammed bin Salman announced the establishment of five regional companies targeting investments in Jordan, Bahrain, Sudan, Iraq, and Oman.
The Federation of Saudi Chambers of Commerce and Industry is developing Saudi-Foreign Business Councils, increasing their number to 70 and enhancing trade and investment relations with over 124 countries.
Hassan Al-Huwaizi, the Chairman of the Federation of Saudi Chambers of Commerce and Industry, said that this initiative aims to activate the role of these councils in achieving the goals of Saudi Arabia’s national transformation plan, “Vision 2030.”
The expansion project involves quarterly meetings, attracting major companies and investors, increasing the representation of women, entrepreneurs, and small to medium-sized enterprises in council memberships, along with enhancing financial resources and providing technical, logistical, informational, and human support.
It is noteworthy that Saudi Arabia’s Investment Ministry issued over 2,100 investment licenses in Q3 2023, reflecting the Kingdom’s attractiveness for investment with a stable business environment.
