FDI flow has seen an increase from 2017 onwards to more than 120%. This growth has been as a result of further industries now being opened up for international interest (recruitment and employment services, real estate brokerage, audio-visual and media services, and land transport services).
To further fuel FDI growth the Kingdom has adopted seven guiding principles for Investment Policymaking in 2019, including non- discrimination, investment protection, investment sustainability, enhanced transparency, protection of public policy concerns, ease of entry for employees, and the transfer of knowledge and technology, all of which will go some way to increasing investor confidence.
Such strategies have had an instrumental impact on FDI into Saudi Arabia which has been reported to increase by 10% from $3.18 billion in the first nine months of 2018 to $3.50bn in the first nine months of 2019, as released by Invest Saudi.
The increase is the biggest the kingdom has seen over the past 10 years, with 1,130 foreign companies having been set up in the country in 2019, marking a 54% rise, said Invest Saudi, the state body promoting foreign investments.
Increased global and investor confidence, along with the active vision2030 programme implementation makes Saudi Arabia an attractive market to trade from. To incorporate your business or with corporate finance and transactions contact us.