Saudi Arabia’s updated investment law and recent reforms could help the country achieve its goal of attracting $24 billion in foreign direct investments (FDI) this year, according to a new analysis.
Standard Chartered highlighted that Saudi Arabia’s future growth will be driven by increased FDI inflows, alongside investments in public capital and the private sector. Saudi Arabia aims to attract $100 billion in FDI by 2030 as part of its diversification efforts.
The new law enhances investor protections, including fair treatment, property rights, and intellectual property safeguards, while ensuring transparency. This move aims to simplify the investment process and create a more favorable environment for foreign investors.
Looking ahead, Saudi Arabia’s investment landscape is expected to remain strong, with the government focused on attracting FDI from Europe and Asia to support its economic diversification goals.