Saudi Arabia is witnessing a remarkable increase in foreign direct investment (FDI), projected to hit SAR 1,192 billion by the end of 2024. This growth is largely attributed to a series of market reforms implemented by the Capital Market Authority (CMA). According to the official information, these reforms are expected to enhance the investment climate significantly.
Key Reforms by the CMA
The CMA has introduced several key reforms aimed at attracting foreign investors, including the simplification of account procedures for residents of the Gulf Cooperation Council. Additionally, the approval of laws allowing foreign ownership of real estate is expected to further stimulate investment in the region.
Removal of Qualified Foreign Investor Requirements
One of the most significant changes is the CMA's decision to remove the Qualified Foreign Investor requirements, which is anticipated to make Saudi equities and debt instruments more appealing to international investors. This move is set to create a more competitive market environment, positioning Saudi Arabia as a more attractive destination for foreign capital.
While Saudi Arabia is experiencing a surge in foreign direct investment, the situation in the region remains tense as the country has launched airstrikes against the Southern Transitional Council in Yemen. For more details, see read more.
