Al-Falih: Saudi Arabia attracts mega investments in Q1 2024

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Khalid Al-Falih, Minister of Investment

Saudi Arabia attracted more investments during the first quarter of 2024 in an accelerated and significant manner, facilitating to achieve Vision 2030, Minister of Investment Khalid Al-Falih said.

At a dialogue session during the launch of the GREAT Futures Initiative Conference in Riyadh, Al-Falih stated that many companies have chosen Saudi Arabia as an incubator for promising investments.

Saudi Arabia welcomed about 52% of these investments from the United Kingdom, looking forward to more such investments.

The UK is the second largest investor in Saudi Arabia, as it has a large presence in financial services.

He pointed out that Vision 2030 aims to boost investments in many fields, noting that Saudi Arabia is making more investments to improve income and is looking to the United Kingdom and any investors to attract many investments from various markets.

Saudi Arabia is increasingly relying on banks, in addition to investments in the financial sector of British and Saudi companies, which is an open area to everyone, the Saudi minister highlighted.