The Investment Summary Report “Summer 2021” issued by the Ministry of Investment, the number of investment licenses issued in the second quarter of the current year 2021 increased by 575 new licenses, and joint ventures with Saudi companies obtained the largest share of licenses in the second quarter of the year, obtaining 46% of the total new licenses, which led to the growth of new investments growing in the Kingdom with an annual increase of 20% for the second quarter of 2021 compared to the same period of the previous year.
Which led to the growth of new investments in the Kingdom with an annual increase of 20% for the second quarter of 2021 compared to the same period of the previous year.
Transportation and Logistics Update
The report highlighted the most prominent developments in the transportation and logistics sector, which is a key element in the Kingdom's journey towards achieving Vision 2030, based on the Kingdom's regional and global role as a link between international trade lines due to its strategic location in the middle of three continents, and investment opportunities in the transportation and logistics sector.The report highlighted the latest developments in the transportation and logistics sector. <The report touched on investment opportunities in the transportation and logistics sector, including: Developing a complex of warehouses with a temperature control system in the second and third industrial cities in Jeddah, and developing a railway and wheel manufacturing plant to meet the growing demand for the railway system in the Kingdom, noting that the Kingdom's exceptional geographical location at the intersection of the three continents of Asia, Europe and Africa gives it strategic advantages, especially in the transportation and logistics sector, which leads to easy access to markets.
The report touches on investment opportunities in the transportation and logistics sector.
$12.4 billion infrastructure deal
The Q2 2021 report highlighted investor achievements, most notably Saudi Aramco's $12.4 billion infrastructure deal with an international consortium of investors, as well as investment projects in tourism, energy, entertainment, industry and manufacturing, mining and metals, education, financial services, food and beverages, healthcare and life sciences, entrepreneurship and innovation, and retail sectors.
The report highlighted the most important investor updates across various sectors, showcasing new foreign investment projects, as well as investment opportunities on the Invest in Saudi Arabia platform.
Features of Mega Projects
The report reviewed the workflows of the megaprojects, namely: NEOM and King Abdullah University of Science and Technology enter into a joint venture to create the world's largest coral garden; NEOM and Asmaaq Tabuk sign an MoU to develop the largest fish farm in the MENA region; Red Sea Development Company secures $3.76 billion loan and the first green credit facility denominated in Saudi Riyals; and AlUla master plan offers investment opportunities worth $15 billion.
<The report outlined investment opportunities in the Kingdom, including: A $117 million seaside resort in the “tourism and quality of life” sector, a $17 million video game development studio in the “information and communication technology” sector, and a $140 million silicon smelter in the “mining and minerals” sector.
The report noted that investment opportunities in Saudi Arabia include.
Investment intersects with vital areas
The report began with the opening remarks of H.E. Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics, in which he emphasized that the Kingdom of Saudi Arabia places the transport and logistics sector at the heart of its efforts to achieve Vision 2030, as the Kingdom's wise leadership recognizes the importance of this sector and how it intersects with multiple other fields, from Hajj and Umrah to tourism, through industry, trade and connecting the Kingdom's mega projects among them, the roles played by the transport and logistics sector are numerous.
