Saudi Minister of Investment Eng. Khaled Al-Falih said that the Kingdom has prepared regulatory legislation and identified 20 economic zones, six of which are in Riyadh, to promote an attractive environment for Saudi and foreign investors.
He also stressed that the private sector would be a key player in the development strategy for the city of Riyadh, revealing “very profitable opportunities for those who invest in the new strategy.”
A dialogue session entitled “The Future of Riyadh” was held within the Future Investment Initiative conference on Thursday, during which Al-Falih said that the integration between regions and projects in the Kingdom would be achieved by enabling the airports to link the logistical areas.
He added that his country has succeeded in maintaining the flexibility of the local economy, despite the outbreak of the Covid-19 pandemic, which strengthened local and foreign investors’ confidence in the Kingdom.
For his part, Fahd Al-Rasheed, CEO of the Royal Commission for Riyadh, said that Saudi Arabia would soon announce the Riyadh strategy, revealing that the Middle East region, and the Kingdom in particular, would be a future hub for investments from around the world.
“Riyadh’s development strategy will make the city completely different from its current situation,” he said, noting that the authority was ready, through the strategic plan, to deal with the significant growth expected in the future.
