The Undersecretary of the Saudi Ministry of Investment, Dr. Saad Al-Shahrani, indicated that "the National Investment Strategy launched 40 initiatives to support legislative reforms in the investment environment in the Kingdom."
Al-Shahrani explained on the sidelines of the Invest in Saudi Arabia Forum, which was held at the Dubai Expo, that the reforms come with the aim of attracting foreign investments to the Kingdom exceeding $100 billion, or 388 billion riyals, by 2030.
He stressed that "the Saudi National Investment Strategy aims to make the Kingdom one of the 15 largest economies in the world, reduce unemployment to less than 7 percent, and raise the private sector's contribution to 65 percent of GDP by 2030."
In addition, Saudi Arabia ranked sixth in terms of the most competitive emerging markets in the world, according to the annual Agility Logistics Index of Emerging Markets. The Kingdom retained third place in the field of basics of doing business, while it ranked fourth globally in digital readiness, it is a new category added for the first time in this year's index. The list of the top ten countries in digital readiness includes the UAE, Malaysia, China, Saudi Arabia, India, Thailand, Qatar, Indonesia, Chile and the Philippines.
Source (Al-Arabiya.net Website, Edited)
