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$800bn to be invested in Saudi Arabia
15 Sep 2008
The Saudi Arabian General Investment Authority (Sagia) said the country is looking to strengthen its real estate, energy, power and financial services.
With investments currently at $24 billion, 12 times as much as five years ago, the figure is expected to increase to $1 trillion by 2018.
Dr Awwad Al Awwad, deputy governor for Sagia's investment affairs and president of the National Competitiveness Centre, told Zawaya: "We are expecting investments worth $800 billion to $900 billion. This is not just expectation, we have already identified these investment opportunities."
He added that the country is improving its investment environment to attract more speculation from overseas in a bid to help local firms expand.
Meanwhile, figures from the World Bank revealed that Saudi Arabia is among the top 20 most business-friendly countries in the world in its Ease of Doing Business report.
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Jabal Ajyad Residential Development in Makkah - Saudi Arabia
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Fanar City - Phase Two - Saudi Arabia
-
Jarab - Kara Road Expansion - Saudi Arabia
-
13 New Tunnels and Bridges in Jeddah - Master plan - Saudi Arabia
-
Village Housing Development - Second Phase - Al Daihma Village in Sametah in Jazan - Saudi Arabia
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Village Housing Development - Thol Village in Jeddah - Saudi Arabia
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Village Housing Development - Al Ras Village in Al Reeth in Jazan - Saudi Arabia
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King Khaled and King Abdullah Road Expansion in Glawa - Saudi Arabia
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Jabal Upper Shada and Low Shada Road Expansion - Saudi Arabia
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Connecting Aqaba Al Bahah - Al Mekhwat Al Madheelf Road - Saudi
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