Al-Falih Chairs Saudi-Swiss Investment Forum

Under the co-chairmanship of Minister of Investment Eng. Khalid Al-Falih and Head of Bilateral Economic Relations, at the Swiss Ministry of Economic Affairs, Ambassador Erwin Bollinger, the activities of the Saudi-Swiss Investment Forum, were held, in Riyadh, in the presence of the CEO of Swiss Global Enterprise Simone Fidel and the Ambassador of the Federal Republic of Switzerland to the Kingdom Dr. Andreas Schaller, with the participation of a group of representatives of the private sector, in the two countries.

Eng. Al-Falih expressed the desire to promote the bilateral relations to the highest levels, and for Swiss companies to take advantage of investment opportunities, in the Kingdom, and to play an active role, by participating in the growth and expansion of the development, in the Kingdom and reaping its fruits, which will not only bring high returns on investment, but also It will help make the Kingdom a more important and valuable export destination for Swiss companies.

He indicated that the launch of the national investment strategy drives economic growth across priority sectors, explaining that the strategy is the roadmap to achieving the goals, as the local and foreign investment, is at the heart of the Kingdom’s ambition to achieve economic diversification, in line with the objectives of Vision 2030.

The National Investment Strategy aims to achieve three main objectives by 2030: doubling the volume of investment to reach SR2 trillion, or 30% of the GDP, doubling total domestic investments to reach an annual increase of 9%, and increasing Foreign direct investment to nearly twenty times to 5.7% of the GDP by 2030, indicating that the total size of private sector opportunities in the Kingdom will reach SR12 trillion, by 2030, he elaborate.