Foreign investment edges up in Saudi Arabia, but is still far short of target

Issue 1186 - 12 Apr 2024 | 2 minute read

The Saudi government is reportedly scaling back its ambitions for some vastly expensive megaprojects, such as The Line linear city in Neom, in a sign that Riyadh is still struggling to attract the amount of foreign direct investment needed to underpin Crown Prince Mohammed Bin Salman’s long-term economic reform agenda, while the UAE leads rivals in drawing in FDI.

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