Saudi Arabia supports investors with lucrative business environment

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KHOLOUD.HUSSEIN
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May 12, 2024
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Riyadh – Sharikat Mubasher: Saudi Arabia has demonstrated remarkable resilience amid global economic challenges with an average growth rate of 4% over the past seven years and an upward trajectory buoyed by a pro-business environment.

Given its strategic location, robust economy, and ambitious Vision 2030, it’s hardly surprising that the Kingdom stands as a beacon of progress and growth in the region.

A key to this has been attracting foreign direct investment, as well as working on agreements with neighboring countries to ensure Saudi Arabia is seen as being open for business.

The Kingdom has already started to take serious steps to capitalize on its exceptional location through the establishment of logistics and free trade zones, coupled with efforts to diversify the economy under Vision 2030, which attracts foreign investment and fosters trade partnerships.

Further, investments in digital infrastructure and e-commerce platforms have modernized the Kingdom’s trade ecosystem, enhancing its connectivity with global markets.

Tremendous efforts have been made to advance the financial ecosystem, with new measures planned to improve the ease of doing business and develop the investment environment further.

One of the main pillars of Saudi Vision 2030 is to create a business environment that supports economic growth in the Kingdom, attracts FDI, and diversify the Kingdom’s economy. 


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