Al-Falih: Saudi Investment Marketing Authority to stimulate foreign investment flows and enhance national investments

Engineer Khalid bin Abdulaziz Al-Falih, Minister of Investment and Chairman of the Board of Directors of the Saudi Investment Marketing Authority, expressed his thanks and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister – may God protect them – on the occasion of the issuance of the Cabinet’s decision to approve the organization of the Saudi Investment Marketing Authority.

Al-Falih stressed in a press statement that this decision embodies the continuous support and assistance from the wise leadership for the investment system and investment environment in the Kingdom, which aims to consolidate the Kingdom’s position as a world-class investment center, in line with the goals of the Kingdom’s Vision 2030, which seeks to diversify the economy and enhance its competitiveness at the international level, to build a prosperous and sustainable economy, and in line with the plans, programs and objectives of the National Investment Strategy.

He explained that the organization of the Saudi Investment Marketing Authority will enable – God willing – the Authority to work as an important tributary that enhances the national efforts made to support the investment environment, noting that the Authority will undertake the task of marketing investment opportunities, inside and outside the Kingdom, and in various sectors, in cooperation and partnership with all the leading entities in these sectors, while highlighting the competitive advantages and incentives that the Kingdom offers to investors, and highlighting the investment opportunities associated with them, in a way that reflects the qualitative transformation that the Kingdom is witnessing towards a more diverse and sustainable economy. The Minister explained that the Saudi Investment Marketing Authority will adopt the latest technologies and strategies in the field of investment marketing, through plans and programs based on in-depth analysis of target markets, and benefit from international partnerships and digital platforms, with the aim of reaching global investors, and introducing the advantages of the business environment in the Kingdom, which include the unique strategic location, attractive regulatory environment, advanced infrastructure, and the proven capabilities of Saudi investors to enter into successful international partnerships, in addition to promising and qualitative investment opportunities in strategic sectors such as technology, industry, tourism, transportation, logistics, renewable energy, health, education, real estate development, and others. He stressed that the Authority will contribute – God willing – to stimulating foreign direct investment flows, enhancing national investments, and supporting national investors; which will support economic growth, provide qualitative job opportunities, and enhance innovation and knowledge transfer, which will positively reflect on the sustainability of development in the Kingdom and the competitiveness of its economy.