Minister of Investment Engineer Khalid bin Abdulaziz Al-Falih emphasized that the Kingdom has become one of the most attractive destinations for global investments.

Minister of Investment Engineer Khalid Al-Falih He referred to the directives of His Highness the Crown Prince, may God protect him, which aim to facilitate the empowerment of multinational companies in the Kingdom, where the number of international companies with licenses to do business in the Kingdom has reached about 700 companies, while facilitating the operations of international institutions and organizations such as the United Nations.

Minister of Investment Khalid bin Abdulaziz Al-Falih

Future Investment Initiative Conference

Participating in a panel discussion titled “Will the GCC become a global center for family offices?” at the 9th edition of the Future Investment Initiative conference, Al Falih emphasized that the Kingdom is working on implementing a strategic plan to make its environment one of the most competitive environments for family businesses, contributing to their growth and prosperity.

Future Investment Initiative.

Saudi Arabia enjoys a stable legislative and investment environment

He added that the Kingdom enjoys a stable legislative and investment environment, which makes it an attractive region for investment, and is constantly seeking to develop these legislations and make them more flexible and transparent, noting that licenses are being granted more quickly, which contributes to facilitating business for family businesses and enhancing their ability to grow.

Falih said that the Kingdom has a stable legislative and investment environment, which makes it an attractive region for investment, and is constantly striving to develop these legislations and make them more flexible and transparent. Al-Falih explained that the national economy, which was built nearly 100 years ago on family businesses, is still fundamentally dependent on them, and the ministry continues to work to further empower these companies, noting that the market value of the Saudi capital market reaches about 3 trillion dollars and is expected to increase by 20% in the next seven years, reflecting the strength and diversity of the Saudi economy.

Falih also praised the Saudi Minister of Economy, Mr. Abdullah Al-Falih, for his efforts to develop these legislations in a flexible and transparent manner. Former UK investment minister Gerry Grimstone praised the Kingdom's unique location, saying that venture capital firms play an important role in the economy."

For his part, former UK investment minister Gerry Grimstone praised the Kingdom's unique location.

Family businesses

He explained that family businesses have high long-term potential and strong values, noting the importance of adopting effective governance to ensure their sustainability across generations.

The panelists noted that family businesses are one of the key drivers of prosperity for economies. The transition of family businesses between generations is one of the main challenges, and emphasized the importance of developing long-term, data-driven strategies that keep the business on track.

Participants emphasized the importance of adopting effective governance to ensure intergenerational sustainability. They also emphasized the need to sign international partnerships and benefit from global experiences to promote growth and prosperity in this sector.

They also stressed the need to sign international partnerships and benefit from global experiences to promote growth and prosperity in this sector.