« Back to News

Foreign investment in Saudi industries put at $19 billion

Foreigners have pumped 71.2 billion Saudi riyals ($19 billion) into Saudi industrial projects, accounting for nearly 5 percent of the total industrial capital, according to official data. At the end of the first quarter of 2023, foreign investors owned 920 factories of the total 10,800 industrial units in the Gulf Kingdom, figures by the Saudi Industry and Mineral Resources Ministry showed. The report on Wednesday put the total industrial investment in the world’s largest oil exporter at around SAR1.4 trillion ($373.3 billion) at the end of the first quarter.

Link: https://www.zawya.com/en/projects/industry/foreign-investment-in-saudi-industries-put-at-19bln-k2hzfsiq

® JIAC 2017 – C.F. 97866940584 - Credits