Saudi Arabia Issues a Record 478 New Foreign Investor Licences in 1Q 2021

In the first quarter of 2021 (1Q 2021), Saudi Arabia has issued 478 new foreign investor licences; the highest number in a single quarter since its records started in 2005, according to the Ministry of Investment of Saudi Arabia (MISA). This is a 2.6% quarter-on-quarter growth and represents a 36% year-on-year growth, from the first quarter of 2020.

Why it Matters?

MISA states that many of the investor licenses have transformed into investments for Saudi Arabia. Irrespective of the challenging global environment, Saudi Arabia has become a popular destination for many investors to start their businesses and the rate of foreign direct investment (FDI) inflow at present is at its highest so far since the launch of Vision 2030 in 2016. The United Nations C...