Foreign Direct Investment in the Kingdom has increased by 92.7% in 5 years, hitting a record-high last year since 2008 of US$19.3 billion. US$12.4 billion of that was due to Saudi Aramco’s successful share sale of its subsidiary Aramco Oil Pipelines Company to an international investor consortium. In 2021, the government set an FDI target of US$100 billion annually by 2030 and aims to increase its GDP contribution to 5.7%. Over 4,400 new foreign investment licenses were handed out by the Ministry of Investment in 2021.
The Evolution of Saudi Arabia Startup Ecosystem 2010-2022
The first comprehensive overview of Saudi's startup ecosystem, its history, and its future. The Special Report hosts perspectives and insights from many of the country’s most active investors, highlights new investment trends, critical milestones hit by the Kingdom’s fast-growing startup ecosystem, and spotlights a handful of interesting startups coming out of the Kingdom. It is packed full of insights, data, and opinions from the thought leaders and market-makers in the Kingdom. Readers will gain a deep understanding of the unique factors driving Saudi Arabia's entrepreneurial spirit, the challenges faced by startups, and the opportunities that lie ahead. This report serves as an invaluable resource for anyone looking to navigate and invest in this vibrant and rapidly evolving market.