Launching the National Investment Strategy, a pioneering initiative that supports efforts to diversify the economic base
Chairman of Asharqia Chamber Abdul Hakim bin Hamad Al-Ammar Al-Khalidi praised the launch of the National Investment Strategy, and considered it a new and pioneering initiative in order to diversify the economic base.
Al-Khalidi considered that the Crown Prince, His Royal Highness Prince Muhammad bin Salman bin Abdulaziz, launched yesterday, Monday, an important path to be added to the package of capabilities provided by the rational government in order to diversify the economic base, pointing out that what the strategy aims at raising the net foreign direct investment flows to 388 billion riyals annually, and the increase in local investment to reach about 1.7 trillion riyals annually by 2030 AD, but it is positively reflected on the private sector and its role in the process of economic development that we are witnessing in various sectors, and is aimed at achieving the vision’s goals and aspirations for our national economy to become among the 15 largest economies at the global level. the scientist.
Al-Khalidi stressed that, during the era of the Custodian of the Two Holy Mosques and his faithful crown prince, the Kingdom has become one of the strongly emerging economies at the global level, with the new and unique investment opportunities it provides. Addressing the challenges facing investors, which made it at the forefront of investment-attracting countries.
For his part, a member of the Board of Directors and Chairman of the Foreign Investment Committee in the Eastern Chamber, Saadoun bin Khalid Al-Atish Al-Khalidi, said that what the national investment strategy aims to raise in foreign investment flows and increase domestic investment represents a great impetus towards achieving the vision’s goals of ascending the Kingdom’s economy to global leadership.
Al-Khalidi pointed out that this strategy will open the way for investors to invest in the Kingdom, especially as it will push the completion of the tracks to improve the business environment and implement new procedures regarding the regulatory and legislative frameworks related to investment, and work to explore and develop investment opportunities for investors, noting that it is a catalyst. For a new start in the investment sector, whether local or foreign, that increases its contribution to the GDP, opens new horizons for the national workforce, and delivers our products to regional and global markets.