Investment opportunities abound in Kingdom
The performance of Saudi Arabia’s economy has been remarkable in recent years, especially since 2002 with the national economy more than doubling to $481.6 billion owing mainly to rising oil revenues.
Saudi Arabia: A destination of choice for investors
INVESTMENT as a process has been the key to the rise of Saudi Arabia as an economic power. Since the mid 1970’s, when the Kingdom decided to use its growing revenues from oil to industrialize by investing in processing plants that used the country’s hydrocarbon resources, this policy decision has needed at least a decade of very large investments to build the plants and the necessary infrastructure.
Saudi Arabia’s ability to attract FDI becomes a big success story
SAUDI Arabia’s recently announced 2011 budget shows the government’s dedication for continued public spending in order to create a positive investment environment and bolster economic growth. The increased government expenditure serves to maintain the country’s focus on development and investment programs in order to ensure strong and sustainable economic growth.
Investment arm’s long view creating future right now
IT IS clear that the Kingdom’s private sector is expanding rapidly. Saudi employment is growing, and domestic and foreign investment is increasing. Although there are many factors contributing to this success, the role that the Saudi Arabian General Investment Authority is playing cannot be overstated.
Foreign companies can help solve unemployment crisis
IN a country where 55 percent of the population is under 25, the unemployment rate in Saudi Arabia has been rising at an alarming rate.
The importance of being in the Kingdom, not in offshore bases
THE first oil boom in the 1970s and 1980s saw a phalanx of foreign companies head to Saudi Arabia looking for lucrative contracts. Many did very well. A few even set up business in the Kingdom. But they were the exception rather than the rule.
