Foreign investment in the Kingdom has increased considerably over the last three years, the Saudi Arabian General Investment Authority (SAGIA) has revealed.

In 2006, foreign investments in Saudi Arabia totaled $18.3 billion [SR68.6 billion]. Domestic investments in the same year totaled $33.3 billion [SR125 billion].

Saudi Arabia continues to attract foreign investment from countries including the US, Japan, and European Union nations, said Dr. Awad Al-Awad, Undersecretary to SAGIA’s governor. He added that in 2006 the bulk of foreign investments were in the field of energy and its derivatives.

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