Riyadh, SPA:
Ministry of Economy and Planning confirmed that the Kingdom’s achievement coming in the 8th position in attracting foreign investments is a world-class acknowledgment that Saudi Arabia has a distinctive financial and economical stability.
According to a report Issued by United National Conference for Trade and Development, such an achievement has come as a result of financial and economical effective policies adopted by the Kingdom’s Government which helped to avoid economical problems and crises that took place in other states especially industrial ones all over the world.
In a press release, the Ministry pointed out the development and reformation march implemented under supervision of King Abdullah bin Abdulaziz, his Crown Prince and the Second Deputy to the Premiere. Saudi Government has sought to execute its balanced and sedate policies relating to improvement of business and investment climates to attract more investors on both the local and foreign levels, Stated the Ministry.
The Ministry elaborated the Potentials of the Kingdom which have always reinforced its Economy enhancing its competitive distinctions. Ambitious strategies for accelerating economical development has availed promising investment opportunities. This consequently has been obviously reflected on the successive development plans especially that of 1436H (1432/1432H) which is planned to attribute keen interest to investment policies, the Ministry pointed out.
Such a plan has attempted to attract investments in significant economical sectors such as Energy, Petrochemicals, water desalination, transportation projects in addition to IT sectors projects which all support the development march in Saudi Arabia.