Saudi Ministry of Investment witnesses 101 deals, $4bn in expected investments

Follow-ups -eshrag News:

Mon, 2022-06-06 16:04

RIYADH: Saudi Arabia’s Ministry of Investment oversaw the signing of 101 investment deals during the first quarter, exceeding $4 billion in expected investment.

A total of 57 out of the 101 deals announced investment amounts, which will generate 5,816 new jobs within the region, according to a Ministry of Investment’s report.

Deals in the entrepreneurial space led the quarter, but the most significant announcement was the launch of Lucid’s manufacturing facility in the Kingdom, the report added.

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Business & Economy

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