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FinancialNews


  • 12-08-21

    Saudi Arabia awards 478 new foreign investor licenses in Jan.-Mar. of 2021

    (MENAFN)Saudi Arabia rewarded 478 new foreign investor licenses in the first three months 2021, the most since records started in 2005, as the Kingdom’s economic recovered from COVID-19 continues.

    According to the Ministry of Investment of Saudi Arabia (MISA), the three-monthly numbers stood at 36 percent increase on the last year same time span and 2.6 percent higher than the last quarter, which was also a record.

    The production sector drove the way with 114 new licenses, followed by retail and e-commerce (78), construction (78), professional and scientific (62) and ICT (41).

    The data was showed in MISA’s Spring 2021 Investment Highlights report that highlights the improvements and pro-business reforms continuing across the Saudi investment environment.

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