Saudi Investment Minister Boosts Investor Confidence

Saudi Minister of Investment Fahad Al-Saif affirmed that the Kingdom’s financial sustainability policies have strengthened investor confidence, leading to a 5.2% increase in foreign direct investment in the first half of the year, with the energy sector growing by 6.5% during the same period. He stated that these policies have provided the private sector with important opportunities and ensured the continuity of investments, noting that investments have nearly doubled since 2015 and increased by 50% over the past five years. He also pointed out that the energy sector has contributed 22% of the total investments, amounting to 6 trillion riyals since 2021, emphasizing that foreign investments in the sector have helped eliminate uncertainty, reflecting trust in Vision 2030.

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