Foreign Direct Investment Up 54 Percent In Saudi Arabia In 2019

RIYADH, Saudi Arabia, Jan 20 (NNN-SPA) – Saudi Arabia announced, on Sunday, a year-on-year increase of 54 percent, in foreign direct investment in 2019.

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.– NNN-SPA