Minister of Investment: Foreign investments in the Kingdom have quadrupled in recent times

Engineer Khalid Al-Falih, Minister of Investment, confirmed that the Kingdom is making remarkable progress in human capacity development, enhancing its readiness for the future. This is within the framework of the goals of Vision 2030, which places investment and education at the core of its priorities.

During his participation in a dialogue session titled “Investing in Human Capital and Redefining It in the Age of Automation,” he said that foreign investments in the Kingdom have quadrupled in recent times, a clear indication of the improved investment environment. He noted that the number of regional headquarters of international companies has exceeded 600 in the Kingdom, reflecting growing global confidence in the Saudi market, especially in light of the promising opportunities in the education sector.

Al-Falih emphasized that the relationship between investment and human capital development is complementary, not separate. He noted that since its founding, the Kingdom has paid great attention to human capital development as a fundamental pillar of any development renaissance. He noted that investing in education is no longer an option, but a necessity, and that the two sectors continually intersect and reinforce each other. He pointed to the importance of empowering national cadres and developing their basic skills to meet the needs of the changing labor market, emphasizing that keeping pace with modern technologies requires continuous skill development to ensure a balance between people and technology. Concluding his remarks, Al-Falih called for adopting a holistic approach to human capacity development, emphasizing that this responsibility does not fall on one entity, but rather is the responsibility of everyone. He emphasized the need to keep people at the heart of development and modernization processes, regardless of technological advancements.