The new investments achieved growth in Saudi Arabia, increasing at an annual rate of 20 percent during the second quarter of 2021 compared to the same period in the previous year. The total number of investment licenses issued reached 575 new licenses, registering a new high for the third consecutive quarter.
Joint ventures with Saudi companies accounted for the largest share of licenses in the second quarter of the year, and obtained 46 percent of all new licenses.
In a report, the Ministry of Investment indicated that investment opportunities in the transport and logistics sector, including the development of a complex of warehouses equipped with a temperature-controlled system in the second and third industrial cities in Jeddah, and the development of a station for the manufacture of railways and wheels to meet the increasing demand for the railway system in the Kingdom.
The report noted that the Kingdom is distinguished by its exceptional geographic location at the intersection of the three Asian, European and African continents, which gives it strategic advantages, especially in the transport and logistics sector, leading to easy access to markets.
Source (Al Rai Newspaper-Kuwait, Edited)
