28-04-2025
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.
