RIYADH - New investments have achieved growth in the Kingdom of Saudi Arabia, with an annual increase of 20% for the second quarter of 2021 compared to the same period in the previous year, as the total number of investment licenses issued reached 575 new licenses in the second quarter of 2021, thus registering a level A new high for the third consecutive quarter, and joint ventures with Saudi companies accounted for the largest share of licenses in the second quarter of the year, and obtained 46% of the total new licenses.

This came in the investment summary report “Summer 2021” issued by the Ministry of Investment today, which dealt with the most important developments of investors in various sectors, the most prominent developments in the transport and logistics sector, the presentation of new foreign investment projects, in addition to the most prominent investment opportunities on the “Invest in Saudi” platform. .

The report opened with a speech by the Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, in which he stressed that the Kingdom of Saudi Arabia places the transport and logistics sector at the heart of its efforts to achieve Vision 2030, as the wise leadership of the Kingdom realizes the importance of this sector and its intersection with many other fields, such as Hajj and Umrah. To tourism, through industry and commerce, and linking the Kingdom’s major and huge projects among themselves, the roles played by the transport and logistics sector abound, pointing out that the recently announced National Strategy for Transport and Logistics aims to make the Kingdom a global center for logistics services, and aspires to achieve strategic goals. Others, such as improving the quality of life in the Kingdom and raising the level of performance of public utilities.

The report highlighted the most recent developments in the transport and logistics sector, which is an essential element in the Kingdom’s journey towards achieving Vision 2030, based on the Kingdom’s regional and global role as a link between international trade lines due to its strategic location in the middle of the three continents, and investment opportunities in the transport and logistics sector.

The report touched on investment opportunities in the transport and logistics sector, including: the development of a complex of warehouses equipped with a temperature-controlled system in the second and third industrial cities in Jeddah, and the development of a station for the manufacture of railways and wheels to meet the growing demand for the railway system in the Kingdom, pointing to the Kingdom’s distinction in its location The exceptional geography is at the intersection with the three continents of Asia, Europe and Africa, which gives it strategic advantages, especially at the level of the transport and logistics sector, which leads to easy access to markets.

The second quarter report of 2021 pointed to the achievements of investors, most notably Saudi Aramco’s conclusion of an infrastructure deal worth $12.4 billion with an international coalition of investors, in addition to the most prominent investment projects in the sectors of tourism, energy, entertainment, industry and manufacturing, mining and minerals, education, and financial services. , food and beverage, healthcare and life sciences, entrepreneurship and innovation, and retail.

The report mentioned the most prominent developments of mega projects, namely: NEOM and King Abdullah University of Science and Technology enter into a joint project to establish the largest coral garden in the world, NEOM and Tabuk Fish Company sign a memorandum of understanding to develop the largest fish farm in the Middle East and North Africa, and the Red Sea Development Company receives On a $3.76 billion loan and the first green credit facility denominated in Saudi riyals, the Al-Ula master plan provides investment opportunities worth $15 billion.

The report reviewed investment opportunities in the Kingdom, including: a seaside resort with an investment of $117 million in the “tourism and quality of life” sector, a studio for developing electronic games with an investment of $17 million in the “information and communication technology” sector, and a silicon smelter with an investment value of $140 million. In the “Mining and Metals” sector.