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Saudi Arabia Ranks Among Top 10
Most Attractive Countries in the World for FDI

According to the World Investment Report 2010 that was recently released by the United Nations Conference on Trade and Development (UNCTAD), Saudi Arabia was the eighth largest recipient of foreign direct investment (FDI) in the world in 2009, moving up six spots from its rank of 14th in 2008. The report states that $35.5 billion (SR133 billion) worth of FDI flowed into the Kingdom, bringing the country’s FDI stock to $147 billion (SR551 billion). While Saudi Arabia’s annual FDI declined nearly 6 percent from 2008 as a result of the global downturn, both UNCTAD and Saudi economists are optimistic that 2010 will witness growth that will continue into the future. More...

Chicago Forum:
The Future of Finance in Saudi Arabia

The U.S.-Saudi Business Opportunities Forum in Chicago featured a panel discussing finance and investment in the Kingdom that provided an overview of the development of Saudi Arabia’s banking sector since the 1970s. The challenges associated with furthering the development of the Saudi financial market create opportunities for foreign investors to affect positive growth both in the country and their portfolios. Investment bankers, economists, and former U.S. government officials appreciated the work of Saudi regulatory agencies and encouraged American investors to overcome their preconceptions of Saudi Arabia by visiting the Kingdom.

Finance and Investment from US-Saudi Forum on Vimeo.

For more information on this panel, click here.

For a full recap of the Forum, including pictures and videos, click here.