Saudi Arabia Posts 31% Investment Growth for First Time in The History

For the first time in the history of the Kingdom, the investment sector in Saudi Arabia experienced a record rise of 31 percent in 2022, reaching more than SR1 trillion ($266.6 million).

The Saudi Special Economic Zones Investment Forum's opening session was addressed by Minister of Investment Eng. Khalid Al-Falih, who also announced this significant investments record.

Al-Falih added that the Kingdom underwent a promising transformation as a result of a significant inflow of foreign capital.

“Saudi Arabia will be a pioneer in investing in green industrial foundations, such as the electric car manufacturing and hydrogen production.

“The special economic zones, which were launched in 2013, reflected Saudi Arabia’s sustainable commitment to finding and creating opportunities for global business, and this commitment made the Saudi economy and investment the best in the world and the most dynamic and vital,” he said.

Al-Falih added: “Our goal is to make the Kingdom among the leading nations economically. The special economic zones are the cornerstone of investment in the Kingdom, and the industrial logistical program.”