Saudi Arabia's FDI reaches $215bn with new investment laws to attract over $100bn annually by 2030.
Saudi Arabia's FDI has reached $215bn, attributed to recent pro-investment laws including Civil Transactions Law, Private Sector Participation Law, Companies Law, Bankruptcy Law, and Special Economic Zones. The updated investment law enhances investor rights, with a simplified registration process and dedicated service centers. The reforms aim to attract $100bn+ FDI annually by 2030 for economic diversification, targeting new industries outside the oil sector.
August 11, 2024
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