Foreign direct investment to Saudi Arabia rose from $3.18 billion a year ago to $3.50 billion in the first nine months of 2019 according to reports from the Saudi Arabian Monetary Authority.
It also stated a total of 1,130 of foreign companies created in 2019, a 54% increase from a year ago and a state body in charge of promoting foreign investments, adding that this was the biggest rise in 10 years.
The government has made attracting greater foreign investment a cornerstone of its Vision 2030 plan to diversify the economy of the world’s top oil exporter away from a reliance on crude revenues.
