13% growth in foreign direct investment in Saudi Arabia


His Excellency Khalid Al-Falih, Minister of Saudi Investment, said that the volume of foreign direct investment in Saudi Arabia rose by about 13 percent during the first quarter of the year.
He added, in an interview with Al Arabiya TV, that despite the Corona pandemic and its repercussions on world economies, the Kingdom was able to raise the level of foreign direct investment by 20% in 2020 and 13% in the first quarter of this year.
He continued, “We are still in the preparation stage, and the process of attracting foreign investment has not been fully launched, but the Kingdom has a mighty internal investment machine, such as the Public Investment Fund, which launched major projects and several companies that will be the nucleus of various sectoral groupings.”
During the interview, which was held on the sidelines of his official visit to the United Kingdom, he explained Saudi Arabia’s intention to double investments in health care with the United Kingdom.

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