Economics
Saudi Arabia Upbeat on FDI as 2030 Goal Remains Distant
- Investment minister says trend of inflows is positive
- Target is to have $100 billion in FDI a year by 2030
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Saudi Arabia sees recent trends in foreign direct investment moving in the right direction, while conceding the kingdom has a long way to go to meet its 2030 goal of attracting $100 billion a year.
Recent figures are “extremely positive,” Investment Minister Khalid Al-Falih said in an interview with Bloomberg Television at Saudi Arabia’s Future Investment Initiative in Riyadh on Tuesday. “All the leading indicators are pointing upward. All lights are flashing green.”