His Excellency the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, revealed that foreign direct investment in the Kingdom has doubled (4) times, exceeding the set goals, adding that the Kingdom's Vision 2030 has proven over the years that it is a reality and not a dream.<\/p>\n
His Excellency made the remarks during his participation in a panel discussion titled \u201cLeaders of Public-Private Alliances\u201d during the ninth edition of the Future Investment Initiative Conference<\/a><\/strong>He pointed out that the Kingdom's economy is no longer based on oil, and that (40%) of the Kingdom's budget and expenditures are funded by non-oil revenues, and (90%) of the Kingdom's foreign direct investment is non-oil, noting that the Kingdom has made further progress and transformation in new and exciting sectors, such as advanced manufacturing, technology, tourism, entrepreneurship, deep technologies and venture capital: Advanced Manufacturing, Technology, Tourism, Entrepreneurship, Deep Tech, and Venture Capital.<\/p>\n His Excellency stressed that the Kingdom was able to overcome many obstacles such as: Corona pandemic, oil declines, and regional tensions, thanks to large reserves and high stability, which is a strength for the Kingdom, pointing out that the non-oil economy rose to (5%), indicating that the past two years have seen more new and promising investment opportunities in the Kingdom, including artificial intelligence and acceleration in digital transformation, pointing out that major national projects continue their work and some are preparing to open their doors.<\/p>\n His Excellency concluded by emphasizing that the Kingdom believes strongly in a strong partnership between the private sector and the government sector that stands behind the private sector and even with partnerships with foreign investors, noting the Kingdom's commitment to minimizing barriers to trade.<\/p>\n Participants in the session pointed out that the energy-related sectors are promising and full of innovation that will build a better future for humanity, noting that partnerships between the public and private sectors will contribute to reaching the goals in a shorter period of time.<\/p>\n Participants highlighted the importance of harmonization between the public and private sectors to face challenges and shocks, pointing out that high flexibility and operational flexibility would achieve many promising investment opportunities that provide balance in the market in general, noting that governments should work to set clear frameworks for the work of the public and private sectors, which will pave the way for more investment opportunities between all countries.<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>\u0643\u0634\u0641 \u0645\u0639\u0627\u0644\u064a \u0648\u0632\u064a\u0631 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u0647\u0646\u062f\u0633 \u062e\u0627\u0644\u062f \u0628\u0646 \u0639\u0628\u062f\u0627\u0644\u0639\u0632\u064a\u0632 \u0627\u0644\u0641\u0627\u0644\u062d\u060c \u0623\u0646 \u0627\u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0623\u062c\u0646\u0628\u064a \u0627\u0644\u0645\u0628\u0627\u0634\u0631 \u0641\u064a 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\u0627\u0644\u0642\u0637\u0627\u0639\u064a\u0646 \u0627\u0644\u0639\u0627\u0645 \u0648\u0627\u0644\u062e\u0627\u0635” \u0636\u0645\u0646 \u0623\u0639\u0645\u0627\u0644 \u0627\u0644\u0646\u0633\u062e\u0629 \u0627\u0644\u062a\u0627\u0633\u0639\u0629 \u0645\u0646 \u0645\u0624\u062a\u0645\u0631 … Read more<\/a><\/p>","protected":false},"author":27,"featured_media":54362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[120],"tags":[],"class_list":["post-86686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post 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