KSA Starts Inventory on Private Sector’s Overseas Investments
The Ministry of Investment has started to inventory the private sector’s overseas investments.
This step aims to contribute to providing services and incentives to support Saudi investors and companies in their global expansion efforts, such as bilateral investment agreements.
Minister of Investment Khalid Al-Falih stated in a speech that the Ministry is the competent authority and the main reference in the Kingdom regarding the regulation, development, and protection of both local and foreign investments.
Ministry of Investment’s Efforts
The Ministry, without hindering the responsibilities or terms of reference of other entities, will do everything it takes to achieve its goals.
Thus, the ministry’s goals-oriented efforts include establishing a database of investment and its indicators in the Kingdom.
The database serves as the unified platform and main reference for information related to the Ministry’s terms of reference.
Furthermore, the ministry coordinates with relevant entities to provide information, data, and related reports to support investors.
The Ministry emphasized that the participation of private sector companies in the survey will play a fundamental role in shaping future policies, discovering opportunities, and establishing KSA as a global economic power.
The survey questions for the inventory of direct overseas investments of private sector companies include:
- Company name
- year of investment initiation
- name of the country invested in
- name of the city invested in
- name of the sector
- investment value (in US dollars)
- percentage of partnership/ownership
- notes on the foreign investment.”
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