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RIYADH/DUBAI (Reuters) - Saudi Arabia’s Minister of Investment Khalid al-Falih said on Saturday foreign direct investment (FDI) increased by 12% in the first half of 2020 compared with the same period last year. FILE PHOTO: Saudi Arabian Investment Minister Khalid al-Falih, wears a mask as he attends a virtual meeting of B20 at the Saudi Business Group summit in Riyadh, Saudi Arabia October 26, 2020. “When I mentioned the 12% increase I wanted to assure people that there was no decline, our FDI target is much higher,” Falih said on Saturday. As part of efforts to attract foreign investors, Saudi Arabia will launch next year special economic zones dedicated to several sectors, Falih said. In addition to attracting higher investment volumes, it will focus on “qualitative growth”, he said, mentioning areas such as cloud computing, renewable energy, tourism, culture, entertainment, and logistics.
Persons: Khalid, Falih, Khalid al, Ahmed Yosri, “ I’m, ” Falih Organizations: Reuters, Saudi Arabia’s, Saudi Arabian Investment, Saudi Business Group, REUTERS, Saudi Aramco Locations: RIYADH, DUBAI, Saudi, Riyadh, Saudi Arabia
FILE PHOTO: Saudi Arabian Investment Minister Khalid al-Falih, speaks during a virtual meeting of B20 at the Saudi Business Group summit in Riyadh, Saudi Arabia October 26, 2020. REUTERS/Ahmed YosriDUBAI (Reuters) - Saudi Arabia’s Minister of Investment Khalid al-Falih said on Saturday the Gulf state plans to launch special economic zones in 2021. Speaking to a G20 panel, Falih also said the kingdom’s Vision 2030 plan to diversify the economy away from oil was more popular today than ever and that the country was emerging from the coronavirus pandemic with a resilient economy and private sector.
Persons: Khalid al, Ahmed Yosri, Khalid, Falih Organizations: Saudi Arabian Investment, Saudi Business Group, REUTERS, Reuters, Saudi Arabia’s Locations: Saudi, Riyadh, Saudi Arabia, Ahmed Yosri DUBAI
Saudi Energy Minister Khalid al-Falih speaks to the media during Saudi government ministers brief in Riyadh, Saudi Arabia December 19, 2018. Saudi Arabia's Minister of Investment Khalid al-Falih said on Saturday foreign direct investment (FDI) increased by 12% in the first half of 2020 compared with the same period last year. As part of efforts to attract foreign investors, Saudi Arabia will launch next year special economic zones dedicated to several sectors, Falih said. In addition to attracting higher investment volumes, it will focus on "qualitative growth", he said, mentioning areas such as cloud computing, renewable energy, tourism, culture, entertainment, and logistics. "These investments may have lower investment volumes but higher impact on the economy."
Persons: Khalid al, Khalid, Falih Organizations: Saudi Energy, Saudi Arabia's, Saudi Aramco Locations: Saudi, Riyadh, Saudi Arabia
COVID deals blow to Saudi Arabia's G20 summit ambitions
  + stars: | 2020-11-20 | by ( Marwa Rashad | Raya Jalabi | ) www.reuters.com + 0.00   time to read: +5 min
FILE PHOTO: FILE PHOTO: Saudi Arabia's Crown Prince Mohammed bin Salman attends the Gulf Cooperation Council's (GCC) 40th Summit in Riyadh, Saudi Arabia December 10, 2019. DISRUPTIONSThe event’s virtual nature does at least align with Saudi Arabia’s ambitious digital agendas and technology-focused initiatives, “one bright spot amid the coronavirus-related disruptions,” Mogielnicki said. Against this backdrop is a flurry of activity by human rights groups and western lawmakers who have called on G20 capitals to boycott the event, renewing global attention on Saudi Arabia’s rights record. Earlier this month, the Saudi ambassador to Britain said the kingdom was considering clemency for some of the jailed women’s rights activists. Saudi Arabia jailed eight people for between seven and 20 years for Khashoggi’s killing.
Persons: Saudi Arabia's Crown Prince Mohammed bin Salman, Crown Prince Mohammed bin Salman, , Robert Mogielnicki, Jamal Khashoggi, Khalid al Falih, King Salman, ” Mogielnicki, Khashoggi’s, Loujain, Michael Page, Prince Mohammed Organizations: Saudi Arabia's Crown, Gulf Cooperation, Saudi Royal Court, REUTERS, Crown, Gulf States Institute, Investment, Reuters, Saudi, European Union, Human Rights Watch, Hathloul Locations: RIYADH, BEIRUT, Saudi Arabia, U.S, Summit, Riyadh, Bandar, Washington ., Saudi, Yemen, Britain, United States, London, Paris , New York, Los Angeles
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