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Saudi Press: KSA's Attractive Investment Environment
Published in Saudi Press Agency on 29 - 08 - 2019

Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.
Al-Riyadh newspaper said in its editorial that the Kingdom of Saudi Arabia has a stimulating and attractive environment for foreign investment seen as a key factor to strengthen the national economy as the investment environment is still witnessing more reforms that meet the wishes of investors.
The paper noted that the these reforms have confirmed the KSA's determination to transform its economy to an open economy as it has ranked fifth globally in the government's Future Orientation Index and 4th at the G20 level on business environment reforms, according to the World Bank report.
The paper pointed out that the KSA has succeeded in attracting international companies to invest in several sectors as its vision 2030 aims to raise the percentage of foreign direct investment (FDI) of Gross domestic product (GDP) from 3.8% to the global rate of 5.7%, and move the national economy from the 25th place in the competitiveness index to one of the top 10 in 2018.
The paper added that the KSA ranked 39th out of 140 countries in the World Competitiveness Rankings as the FDI inflows to the KSA amounted to $ 3209 million, an increase of 126% compared to 2017 inflows of $ 1419 million.
Al-Yaum newspaper said in its editorial that the Kingdom of Saudi Arabia's call for Yemeni government and all warring parties in Aden to hold a meeting in Jeddah for discussing their disputes has reflected KSA's keenness on following the principles of wisdom and dialogue, renouncing division, stopping strife and uniting to confront the Iranian-backed terrorist Houthi militia and other terrorist organizations to restore the state and return Yemen to a stable and secure country.


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