2007 News Story

SAGIA: Foreign investment in Saudi Arabia has grown over the last 3 years

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.