Elkuwaiz: SR400 billion foreign investments in the Saudi market

Mohammed bin Abdullah Elkuwaiz, Chairman of the Board of Directors of the Capital Markets Authority (CMA), said on Wednesday that the value of foreign investments in the Saudi market reached SR400 billion, equivalent to the entire market capitalization less than 20 years ago.

This came during his speech at the Euromoney Saudi Arabia 2022 Conference in Riyadh, under the slogan: “Institutionalization of Investment and Finance,” under the patronage of the Minister of Finance, Muhammad bin Abdullah Al-Jadaan, and the Minister of Municipal and Rural Affairs and Housing, Majed Al-Hogail, and in the presence of a number of industry leaders and experts in the financial sector at the local and international levels.

The conference, which is being held in attendance for the first time since 2019, constitutes a vital platform that reflects the reality of the Kingdom’s economy in light of the developmental developments it is witnessing at a time when it has turned into an investment center in the region.