Riyadh: At the 2025 Budget Forum, Assistant Minister of Investment and CEO of the Saudi Investment Marketing Authority (SIPA) Ibrahim Almubarak has emphasized the Kingdom of Saudi Arabia’s rapid progress in attracting investments. He highlighted more than 800 reforms, including updates to citizen transactions, bankruptcy laws, joint government-private projects, and government procurement processes, which have elevated Saudi Arabia to 16th place on the World Competitiveness Ranking (IMD).

According to Saudi Press Agency, SIPA continues its efforts to enhance business conditions and train local workers, thereby attracting greater investment. A revised investment law, set to take effect early next year, will strengthen legal protections for property ownership, equitable dealings, investment management, and intellectual property rights, benefitting both Saudi and foreign investors.

Foreign direct investment (FDI) has surged, exceeding the National Investment Strategy’s 2023 goal by 16%, positioning Saudi Arabia
as second among G20 countries in FDI growth. Globally, Saudi Arabia ranks fourth in total foreign investment growth, which has reached nearly SAR 900 billion-a 13% increase. Foreign investors have allocated more than SAR 350 billion to Saudi financial markets.

Thanks to the Saudi market’s appeal and stability, over 500 foreign companies have established regional headquarters in the Kingdom, surpassing the 2023 target. Additionally, the number of investment licenses issued has increased tenfold since the launch of Saudi Vision 2030, now exceeding 37,000.