H.E. Al-Falih said <He said: “72 % of the investment came from the private sector, and the portfolio and companies of Public Investment Fund represent only 13 % of it, which indicates that the Kingdom is a strong global investment destination thanks to its stimulating economic environment, the diversity of investment opportunities in various sectors, and the economic reforms, within Vision 2030, contributed to raising the competitiveness of the local market and attracting major international companies. The accelerated growth in foreign investment flows reflects investors“ confidence in the Saudi economy and its stability. This came during a panel discussion titled ”Ministerial Vision for the Government's Role in Supporting and Empowering the Private Sector" as part of the Public Investment Fund and Private Sector Forum in its third edition, held in Riyadh over two days, where His Excellency discussed the role of the private sector and its impact on the growth of the national economy since the launch of Vision 2030, in addition to the concrete progress in the investment environment.
His Excellency explained that the private sector's role and its impact on the growth of the national economy since the launch of Vision 2030, in addition to the tangible progress in the investment environment. His Excellency explained that the Saudi economy has witnessed remarkable diversification, with non-oil economic activities constituting 52% of the total economy, noting that even in periods that witnessed a decline in oil activities due to the Kingdom's usual production policies, the growth rate of non-oil activity remained positive between 4% and 5%.
He pointed out that the Saudi economy has diversified significantly, with non-oil economic activities constituting 52% of the total economy. He pointed out that the Saudi economy has surpassed the barrier of 4 trillion riyals, about 1.1 trillion dollars, achieving unprecedented jumps in foreign investment flows, as their balance doubled to 900 billion riyals since the launch of Vision 2030, stressing that the Kingdom continues its accelerated path towards achieving its investment and economic targets.
He stressed that the Kingdom continues its accelerated path towards achieving its investment and economic targets. He stressed that the Kingdom is working to create a stimulating and integrated investment environment, without focusing on one sector as the maker of the future, but rather targeting the development of all economic sectors, indicating that the Saudi Public Investment Fund has become a role model in establishing sovereign funds with a pivotal role in moving the economy.
Falih stressed that the Kingdom continues its accelerated path towards achieving its investment and economic goals. Al-Falih emphasized that the Kingdom continues to achieve its investment goals in accordance with the vision of His Highness the Crown Prince, stressing that cooperation between the government and the private sector will remain the main driver of pioneering and creative projects, opening new horizons for economic growth and development.
Falih stressed that the Saudi Public Investment Fund has become a role model for the establishment of sovereign funds with a pivotal role in moving the economy.
