The Minister of Investment, Eng.Khalid bin Abdulaziz Al-Falih, confirmed that the Ministry of Investment, in partnership with all government agencies, will work to provide facilities and incentives that support the work of international companies, and local and foreign investors in the Kingdom in general, revealing the Kingdom's intention to launch the National Investment Strategy, and to launch a number From special economic zones soon, to enhance the attractiveness of the investment environment in the Kingdom.

He expressed his confidence in the attractiveness of the investment environment in the Kingdom, in light of the competitive advantages it provides to local investors and international companies alike.

He stressed that the decision to limit government agencies 'contracts with international companies that have regional headquarters in the Kingdom will improve the investment environment and contribute to the development and expansion of international companies' business, as well as help localize expertise and knowledge and develop local content.

He explained that the Kingdom is continuing its process of reform and development in all tracks, pointing out that the announcement of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, regarding the development of the system of legislation, recently, is added to the series of economic and development reforms that I witnessed The Kingdom, on the ground, during the past years, has strengthened the Kingdom's position as a preferred global investment destination.

Al-Falih stated that the Kingdom's regional and global stature, its membership in the G20, the enormity of the Saudi economy and its gigantic investment opportunities, and the purchasing power it enjoys, which represent between 40% to 80% of foreign companies ’revenues from the region’s markets, are among the factors that support the presence of The regional headquarters of international companies and their executive departments are close to their partners in the Kingdom, pointing to the announcement of (24) international companies moving their headquarters to Riyadh, as the first step in this direction.

The Minister of Investment stated that this approach will contribute to achieving the goals of the Kingdom's Vision 2030, which focuses on empowering the private sector, enhancing its role in economic development, creating jobs, and increasing its contribution to the gross domestic product to be a major engine for the national economy.