Saudi Gazette Report

RIYADH — Minister of Investment Eng. Khalid Al-Falih began on Wednesday an official visit to a number of countries, including Sweden, France, and Tunisia. He was accompanied by a delegation of representatives from a number of major Saudi companies.

The four-day visit aims to enhance Saudi Arabia's investment relations with these countries, and to showcase the unprecedented qualitative investment opportunities in Saudi Arabia. This is in addition to highlighting the remarkable achievements made under the Kingdom's Vision 2030 through extensive economic reforms and related programs and initiatives, in light of the support it receives from the wise leadership to enhance the investment environment and attractiveness in Saudi Arabia.

The visit will include a series of meetings and encounters with a number of officials to enhance economic and investment partnership, encourage mutual investment and expand investment partnerships in various sectors.

The minister will discuss investment opportunities with senior government officials and executive administrators of major companies in various business sectors.

It is worth noting that foreign direct investment flows into Saudi Arabia in 2023 amounted to about SR96 billion, exceeding the National Investment Strategy target of SR83 billion by 16 percent, constituting 2.4 percent of the GDP.

Saudi Arabia aims to increase the volume of total investments, including local and foreign, to reach SR12.4 trillion by 2030.