US investment volume in Saudi Arabia exceeded 207 billion rial
Al-Riyadh … News Time
A report issued by Saudi Arabia’s General Investment Authority has reported that the volume of US investment in the state has exceeded 207 billion dollars by February 2018. According to the Saudi Arabia’s investment authority, the number of US investment companies in the country has increased to 373. Which are serving on a permanent or temporary basis in services, industries, real estate, science, arts and other fields. According to the report, the largest part of US investment in Saudi Arabia is in the industrial sector, where the volume has reached up to 193 billion dollars. American companies are working in 95 different industrial projects in Saudi Arabia. Afterwards, 245 projects are being launched in the services on which the US has invested 13.5 billion dollars. Joint investment volume for 9 projects of the commercial sector has been issued tender for $ 16 million in real estate projects in two real estate projects. During the year 2017, 16 new American companies started investing in Saudi Arabia. The new investment volume reached 3 billion 82 million, up to 2 million 10 thousand dollars. Last year, 13 companies were released for industrial companies in the industrial sector.
The main market for Saudi Arabia, USA:
According to Al-Arabi, Saudi Arabia, America has proved to be an important market during the year 2016. The state started providing its products to the American market. These include mineral products, chemical, equipment, cement, aluminum, and coloring equipment, On the other hand, Saudi Arabia has spare parts of the US, aircraft and their spare parts, medical equipment, visual appliances, advanced technology and its related equipment and electric equipment.
Attractive Attraction for Investment:
Economics say that Saudi Arabia’s economic sector reforms have opened a new chapter of foreign investment, especially after the beginning of Vision 2030. Saudi Arabia has created a new movement in the fields of investment and trade. Traders and investors have got new confidence and encouragement in Saudi Arabia and their performance has increased significantly. Saudi Arabia’s government cooperates with joint venture economies to promote investment and trade in joint ventures and special sector was informed about new ways of investing. New opportunities were created and by economic reforms in the country a draw was created for foreign investors.
