Make 700 organizational changes to attract investors

The Saudi Minister of Economy and Planning, Faisal Al-Ibrahim, confirmed that the Kingdom has the incentives and governance to attract the right type of investors to obtain good returns.

Al-Ibrahim said on the sidelines of the World Economic Forum in Davos that the Saudi government has made more than 700 regulatory changes as it seeks to attract investors, stressing the kingdom’s seriousness to diversify the economy and talking to all partners.

The Saudi Minister of Economy and Planning added that the Kingdom wants to create more jobs and that he does not see that high interest rates will affect the Saudi private sector.