RIYADH, Nov 22 (NNN-SPA) – Saudi Arabia announced, yesterday, it will launch a national investment strategy next year.
The Saudi Minister of Investment, Khalid Al-Falih, revealed in Riyadh, at a media briefing, ahead of the Group of 20 (G20) Leaders’ Summit, that, the strategy grants full ownership rights to Saudi and foreign investors.
Despite a global pandemic, Saudi Arabia was not distracted from its strategy and Vision 2030, he said. “In fact, we doubled down on it. We accelerated our reforms. We continued to diversify our economy, and commit our resources, to make sure that Vision 2030 is not derailed by the COVID-19.”
He said that the strategy would ensure an increase in investment opportunities and involves the establishments of industrial cities and various economic zones. The strategy will cover different sectors, including tourism, culture, sports, industries, artificial intelligence, technologies and health.
