Arab News, Thursday, Apr 1, 2021 | Shaaban 18, 1442
Foreign investment licenses in Saudi Arabia rise 60% in the last quarter of 2020
Saudi Arabia:
Saudi Arabia issued 466 investment licenses to foreign investors in the fourth
quarter of 2020, a 60 percent jump on a year earlier, Asharq Business reported,
citing Saudi government data.
December was the busiest month, with 189 investment licenses issued. Foreign
investment flows rose by more than 20 percent during the year.
The report revealed that foreign investment inflows to the Kingdom surged 80
percent in the fourth quarter compared to a year earlier to reach almost $1.9
billion.
The annual results reflect recovery in the investment environment with growth
returning to pre-pandemic levels, the report stated.