Saudi Arabia New Investment Marketing Authority Announced by Council of Ministers

The Saudi Investment Marketing Authority aims to develop and attract investments into the Kingdom. The National Investment Strategy set a target for Foreign Direct Investments (FDI) of more than $3.2 trillion by 2030. The establishment of the authority aims to achieve integration between government agencies, improve services and businesses related to the marketing of investment opportunities, and support partnerships between investors in a way that enhances direct investments in Saudi Arabia.

In addition, the Kingdom plans to provide incentives, develop regulations, and establish special economic zones to attract more foreign direct investment, and to persuade international companies to establish a greater presence in the Saudi market.

These growing investment trends hold potential opportunities for U.S. firms in areas such as Infrastructure, Technology, Healthcare, Energy, and Tourism.

Inquiries or requests for further information may be sent to Hesham.Alawad@trade.gov