Saudi Arabia by COUNTRY REPORTS
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Saudi Arabia is in the midst of an unprecedented transformation. In just a handful of years, the kingdom has successfully diversified while opening up to international investment and empowering its private sector with its ambitions firmly set on Vision 2030.
Foreign direct investment is flocking to Saudi Arabia as never before, fueled by a number of mega projects. In fact, the top-seven infrastructure projects alone will cost $690 billion to construct. For the first time ever, Saudi Arabia is topping the UAE as the main recipient of FDI in the MENA region and the country has reached top position in the places to watch for investment worldwide rankings.
Backed by the Public Investment Fund (PIF), Jeddah Central is one of the biggest leisure and tourism developments in the region, presenting an open canvas for investment in the historic city.
“Despite the absence of austerity measures, as businesspeople, we continue to witness ongoing projects. The government is actively investing in infrastructure development and the construction of numerous cities in the country. “
“As part of Vision 2030, the work across the development is forging a destination whose quality of life, cultural offering and place in history will be unrivalled anywhere in the Arabian Peninsula.”
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