How is Saudi Arabia Resetting the Global Investment Equilibrium?
How is Saudi Arabia Resetting the Global Investment Equilibrium?
22 Feb 2024
Dr. Saad emphasized Saudi Arabia's commitment to attracting foreign investment, highlighting efforts through the National Investment Strategy (NIS) announced two years ago. Saudi Arabia provides extensive incentives, including tax exemptions and attractive land programs, to entice investors across various sectors such as manufacturing, technology, and AI. Despite geopolitical risks, foreign investment interest in Saudi Arabia continues to grow. Economic reforms have demonstrated positive results, with significant GDP growth and increased private sector investment. Dr. Saad stressed the importance of collaboration between government entities, private sectors, and initiatives like PIF to achieve the ambitious targets set for Vision 2030, focusing on diverse sectors including tourism, biotech, healthcare, and entertainment.