SR50blln Valued 112 Foreign Investment Deals, Concluded – Ministry of Investment Announced

Foreign investments, in the Kingdom of Saudi Arabia, during 2021, have shot up, during 2021 to as many as 112, including investors, remarkably form China, Britain, France and South Korea, as a few to name.

As many as 25 foreign investment deals have been also completed, during the Q4, 2021, which are expected to achieve investments worth SR17.8 billion and create nearly 8,000 job opportunities, the Ministry of Investment revealed, bringing the total concluded deals, during the year 2021 to 112 deals, with a total investment estimated at SR50 billion.

The investment deals that were made during the Year 2021, were distributed among 12 sectors, in the Saudi economy, and expected to generate approximately 31,000 job opportunities, across the Kingdom, according to the report of the Saudi Economy and Investment Monitor, for the Q4 2021, issued by the ministry.

It explained that there is an increasing demand by new comers interested in investing, in the Kingdom, in addition to the desire of existing investors to expand their investments, in place.

Regarding the distribution of deals in the fourth quarter of 2021, the entrepreneurship and innovation sector had the largest share of investor interest, as 11 deals out of 25 deals were sealed, in the fourth quarter of 2021, followed by the education and training sector, with about 5 deals, and then the mining and minerals sector with about 3 deals, and the real estate sector came in fourth place with two deals, and the rest of the deals were distributed amid the sectors of transport and logistics, information and communications, health care, life sciences, and manufacturing.

As for the distribution of deals by sectors, during the Year 2021, the entrepreneurship and innovation sector was led by as much as 40 deals out of 112 deals, or 38%, followed by the tourism and quality of life sector with 22 deals, at 20%, then the energy and water sector with 10 deals, or 9%, and the rest was distributed, similarly, among other sectors.

On the distribution of deals, according to countries, during the fourth quarter of 2021, it is clear that the most invested countries, in the Kingdom are the Emirates with about 5 deals, followed by Britain with about 4 deals, and then France, South Korea and the Cayman Islands with about 3 deals, apiece, and therefore the ranking deals by country during the year 2021, indicates that the most investing countries in the Kingdom are the Emirates, China, Egypt and the United Kingdom, with a total of 47 deals, equivalent to 42% of the total deals, in 2021.