Foreign direct investment up 54 pct in Saudi Arabia in 2019: report

0 Comment(s)Print E-mail Xinhua, January 20, 2020
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RIYADH, Jan. 19 (Xinhua) -- Saudi Arabia announced on Sunday a year-on-year increase of 54 percent in the foreign direct investment in 2019, said the Saudi Press Agency.

In a report by the Saudi Arabia General Investment Authority, a total of 1,131 new international companies set up operations in the kingdom in 2019.

The report revealed that some 150 investor deals were signed by the authorities across high-priority sectors under the Vision 2030 in 2019, from tourism to value-added manufacturing.

During 2019, 193 new construction companies, 190 manufacturing firms and 178 Information and Communication Technology companies were established. Enditem

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