Saudi Arabia Grants 348 New International Investor Licenses in Q1 2020

In its latest Investment Highlights report, the Ministry of Investment of Saudi Arabia (MISA) reported that 348 new foreign investor licences have been granted in the January to March 2020 period (Q1 2020), marking a 19% year-over-year (YoY) increase.

On a quarterly basis, the number of new foreign investor licences issued increased 20% compared to the numbers for the last three months of 2019. According to Khalid Al Falih, Minister of Investment of Saudi Arabia, Q1 2020 marked the strongest period for investor interest in Saudi Arabia in a decade.

The foreign investments that came into Saudi Arabia in Q1 2020 comprised a diverse range of markets and sectors globally. According to t...