The Saudi Arabian Monetary Agency "SAMA" revealed the increase in foreign direct investments to Saudi Arabia to reach $3.50 billion in the first nine months of 2019 compared to $3.18 billion a year ago, disclosing the increase in the number of new foreign investments in the Kingdom by 54 percent during the past 2019.
The manufacturing, construction, telecommunications and information technology sectors were the most popular sectors for foreign investment. During the year 2019, 193 construction companies, 190 manufacturing companies and 178 new information and communication technology companies were established in Saudi Arabia.
The year 2019 witnessed the entry of 100 British companies and 82 American companies, compared to 24 companies for both countries in 2018. India, Egypt, Jordan and China also came among the top countries in terms of the number of new companies that started investment in the Kingdom, where India’s market share increased about 30 companies in 2018, amounting to 140 companies in 2019.
The last quarter of 2019 was the most active during the year, as the number of new foreign companies that started investing in the Kingdom increased to 305 companies, compared to 238 companies during the same period in 2018.
Source (Al-Arabiya.net Website, Edited)
