Foreign investment in Saudi grows five times
Investment in Saudi Arabia reached $280bn in the past ten years
Foreign investment in Saudi Arabia has grown five times in the past ten years reaching $280bn, a new report by the Saudi Arabian General Investment Authority (SAGIA) has found.
The oil and gas industry has received the largest share of foreign investment, with $79bn being pumped in projects for the private sector alone.
SAGIA predicts that the backlog across all energy-related segments will continue to grow in line with the country's ongoing increase in energy consumption levels.
Better investment incentives and benefits will be another factor in attracting investors to the local market.
Saudi Arabia is hosting the 18th edition of the Saudi Power exhibition from 11 to 13 May to shed light on the business and investment opportunities available within the Saudi market.
The event will take place at the Riyadh International Convention & Exhibition Center (RICEC) under the patronage of the Saudi Ministry of Water and Electricity.