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

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.