Saudi will stop doing business with international companies to boost the economy of the kingdom

Posted on October 25, 2021   |  

  • Saudi Arabia will stop doing business with international companies whose headquarters are outside the kingdom which will boost economic change across the GCC.
  • The infrastructure and construction industry will be vital in developing Saudi Arabia’s economy
  • The new policy will help companies to open a regional presence within the kingdom which will create employment for Saudi citizens and promote investment opportunities in key sectors of the non-oil economy.
  • Saudi Arabia hopes to increase Foreign Direct Investment (FDI) by 5.7% from 3.8% with entertainment projects, infrastructure, and regulatory improvements in the kingdom, which will boost broader economic growth



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