The Clap
According to a top official, Saudi Arabia is confident that it can attract large-scale foreign investments.
What
Faisal Alibrahim, the Saudi Minister of Economy and Planning, said that the country has access to natural resources, a young population, and regulations that make KSA an attractive place to invest.
So What
According to Alibrahim, Saudi Arabia is “very serious” about its diversification efforts as it aims to attract investments that will help divert the company away from its reliance on the oil sector.
Now What
The Saudi government has made upwards of 700 regulatory changes in an effort to make KSA a more attractive environment for investors.
