Latest news with #JubailInvestmentForum2025
Zawya
28-04-2025
- Business
- Zawya
Al-Falih: Eastern Province hosts 700 investment opportunities worth $88bln
JUBAIL — Minister of Investment Eng. Khalid Al-Falih revealed that the Eastern Province has more than 700 investment opportunities listed on the "Invest in Saudi" website, with a total value exceeding SR330 billion. Addressing the Jubail Investment Forum 2025 on Sunday, the minister said that 34 international companies have decided to open their regional headquarters in the Eastern Region. Emir of the Eastern Province Prince Saud bin Naif inaugurated the Forum, which was organized by the Eastern Province Chamber of Commerce, in cooperation with the Royal Commission for Jubail and Yanbu, and in partnership with the Ministry of Investment. Al-Falih emphasized that the ministry is continuously working with relevant sectors to identify and develop new investment opportunities in the region, in addition to marketing available opportunities at local and international conferences, and attracting local and international investors. It is also working in cooperation with the Saudi Investment Marketing Authority to attract investments. The minister stated that the number of active foreign investment licenses issued by the ministry in the Eastern Province until the beginning of this year reached 5,456, saying that this contributed to the employment of more than 53,000 people, with a Saudization rate of 36 percent. Al-Falih emphasized that the Eastern Province enjoys numerous strategic and competitive advantages, including its geographical location, the availability of natural resources, including abundant fossil and renewable energy, transportation and logistics facilities, integrated infrastructure, and a young and ambitious Saudi workforce. The region also possesses elements and components that make it an incubator for innovation at world-class standards, in addition to one of the most important elements of economic progress: the region's distinguished private sector system. The minister said that these strategic advantages were reflected in the region's investment indicators, as it ranked first in terms of cumulative foreign direct investment in the Kingdom, accounting for approximately 42 percent, with a value of SR 366 billion. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arab News
28-04-2025
- Business
- Arab News
Eastern Province tops Saudi Arabia for FDI, with $97.6bn, says top official
JEDDAH: Saudi Arabia's Eastern Province is leading the Kingdom in attracting foreign direct investment, with the value of its FDI stock standing at SR366 billion ($97.6 billion) — 42 percent of the country's cumulative total, according to a senior official. Speaking at the Jubail Investment Forum 2025, held from April 27 to 28, Minister of Investment Khalid Al-Falih announced that by early 2025, the Eastern Province had issued 5,456 active foreign investment licenses, supporting over 53,000 jobs with a localization rate of 36 percent. Saudi Arabia is aiming to attract $100 billion in FDI a year by the end of this decade, as it seeks to make significant strides in diversifying its economy and reducing dependency on oil revenues in alignment with its Vision 2030 objectives. 'There are more than 600 investment opportunities available in the region, with a total value exceeding SR330 billion,' Al-Falih said, adding that the 'Invest Saudi' platform provides a comprehensive overview of these opportunities to connect local and global investors, according to a post on his ministry's X account. Net FDI inflows to the Kingdom totaled SR15.96 billion in the third quarter of 2024, a 37 percent increase on the second quarter of the year but an annual drop of of 24 percent, according to data from the General Authority for Statistics. In his speech, Al-Falih said that by early 2025, 34 international companies had been granted licenses to establish their regional headquarters in the Eastern Province, as part of Saudi Arabia's initiative to attract more firms to the Kingdom. The licenses cover various sectors, including petrochemicals, energy, and mining, as well as real estate and manufacturing. The minister highlighted the strategic and competitive advantages of the region, including its prime geographic location, which connects it to six neighboring countries, as well as its abundant natural resources, such as fossil and renewable energy. He also highlighted the Ras Al-Khair Special Economic Zone, launched in 2023, which aims to support the value chain of maritime industries with a targeted investment of SR26 billion, according to the minister. 'It aims is to localize up to 50 percent of the main shipbuilding components over the next decade,' the minister said, as per the X post. The Jubail Investment Forum aims to highlight the role of the Eastern Province, particularly the industrial city of Jubail, in supporting Saudi Arabia's Vision 2030. It also seeks to boost the region's investment appeal, showcasing the Kingdom's continuous efforts to cultivate a competitive business environment and provide enticing incentives for investors.
Saudi Gazette
28-04-2025
- Business
- Saudi Gazette
Al-Falih: Eastern Province hosts 700 investment opportunities worth SR330 billion
Saudi Gazette report JUBAIL — Minister of Investment Eng. Khalid Al-Falih revealed that the Eastern Province has more than 700 investment opportunities listed on the "Invest in Saudi" website, with a total value exceeding SR330 billion. Addressing the Jubail Investment Forum 2025 on Sunday, the minister said that 34 international companies have decided to open their regional headquarters in the Eastern Region. Emir of the Eastern Province Prince Saud bin Naif inaugurated the Forum, which was organized by the Eastern Province Chamber of Commerce, in cooperation with the Royal Commission for Jubail and Yanbu, and in partnership with the Ministry of Investment. Al-Falih emphasized that the ministry is continuously working with relevant sectors to identify and develop new investment opportunities in the region, in addition to marketing available opportunities at local and international conferences, and attracting local and international investors. It is also working in cooperation with the Saudi Investment Marketing Authority to attract investments. The minister stated that the number of active foreign investment licenses issued by the ministry in the Eastern Province until the beginning of this year reached 5,456, saying that this contributed to the employment of more than 53,000 people, with a Saudization rate of 36 percent. Al-Falih emphasized that the Eastern Province enjoys numerous strategic and competitive advantages, including its geographical location, the availability of natural resources, including abundant fossil and renewable energy, transportation and logistics facilities, integrated infrastructure, and a young and ambitious Saudi workforce. The region also possesses elements and components that make it an incubator for innovation at world-class standards, in addition to one of the most important elements of economic progress: the region's distinguished private sector system. The minister said that these strategic advantages were reflected in the region's investment indicators, as it ranked first in terms of cumulative foreign direct investment in the Kingdom, accounting for approximately 42 percent, with a value of SR 366 billion.
Argaam
28-04-2025
- Business
- Argaam
Eastern Province offers SAR 330B in investments: Al Falih
Saudi Arabia's Minister of Investment, Khalid Al-Falih, said that the Eastern Province offers more than 600 investment opportunities, with a total value exceeding SAR 330 billion. Speaking at the Jubail Investment Forum 2025, Al-Falih stated that the Foreign Direct Investment (FDI) in the Eastern Province reached SAR 366 billion, representing 42% of the Kingdom's total FDI, indicating that the Eastern Province ranks first in the Kingdom in FDI. The number of active foreign investment licenses reached 5,456 as of early 2025. These investments helped to create job opportunities for more than 53,000 individuals, achieving a Saudization rate of 36%, he added. He further highlighted that 34 international companies were granted licenses to establish their regional headquarters in the province, as part of the Ministry's Regional Headquarters Program (RHQ). Ras Al-Khair Special Economic Zone, launched in 2023 to serve the maritime industries value chain, targets investments worth approximately SAR 26 billion. The zone aims to localize the shipbuilding ecosystem, with a goal of reaching up to 50% localization of key components over the next decade, the official added. He stated that the Invest Saudi platform showcases these opportunities in an integrated manner to connect investors both locally and globally, stressing the Ministry's commitment to continue attracting high-quality investments and strengthening the eastern province's position as a leading global investment destination.
