The Saudi government concluded 104 investment deals during the first quarter of this year, compared to about 101 deals during the same period of the previous year, recording an increase of about 3 percent.
According to a report issued by the Ministry of Investment, innovation, entrepreneurship, and sports had the largest share of investor interest in the first quarter of this year, with 76 deals for the first sector and 13 for the second sector. The UAE ranked first with 13 deals, followed by the UK and Egypt with 11 deals each, while the rest were distributed among several countries.
FDI inflows last year increased by 14.7 percent compared to 2021, recording about 30 billion riyals ($8 billion).
Source (Asharq Al-Awsat Newspaper, Edited)
