Riyadh - Sharikat Mubasher: Saudi Arabia emerged as a leading destination for foreign investment, driven by Vision 2030 goals of diversifying the economy and reducing reliance on oil. The government streamlined the process for obtaining investment licenses, making it easier for businesses to establish and operate in the Kingdom.

The Saudi Ministry of Investment (MISA) issued 14,321 licenses in 2024, marking a 67.7% increase compared to 8,540 licenses in 2023, as stated in the ministry’s recent report.

During the fourth quarter (Q4) of 2024, the ministry granted 4,615 investment licenses, excluding licenses issued under the ‘Tasattur’ anti-concealment campaign, showing a year-on-year (YoY) growth of 59.9%.

This increase reinforces Saudi Arabia’s position as an attractive investment destination that offers comprehensive advantages and provides a stable and supportive investment environment for businesses.