IMF Middle East director: Vision 2030 driving foreign investment

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00:00One of the things the report points to is the substantial, it says, foreign direct investment

00:06that Saudi Arabia has attracted. How has Saudi Arabia done that? How has it attracted that

00:09investment? Well, Saudi is the largest economy in the region and has embarked in a large investment

00:16program. Some of this program is to increase the capacity of the economy to produce. Some of it

00:23also is to develop a certain number of new sectors. This is why Saudi is an economy that

00:30is growing at a healthy rate, economy that is large, the only economy that is part of

00:37the G20. And recently with the Vision 2030, we saw a certain number of sectors, activities

00:46that are now being growing in the economy, which attracted FDIs.

00:51Well, you have in several sectors, technology is one, renewable is another one. You have

00:58a massive investment in hospitality, cultural, as well as also touristic activities. All these

01:04activities led to increase in investment from abroad.

01:08from abroad.

01:09from abroad.