Minister of Investment Khalid Al-Falih said the industrial sector contributes 30% to total foreign direct investments (FDIs) in Saudi Arabia.
At a panel during the launch of industrial sector benchmark incentives, Al-Falih said the Kingdom had SAR 142 billion worth of investments in the manufacturing sector over the first nine months of the previous year. 
He added that 571 global and multinational companies, mostly industrial, established regional headquarters in Saudi Arabia, with the government providing various enabling incentives through diverse programs.
The minister emphasized that the incentives are a significant step toward achieving the goals of Vision 2030 and the National Investment Strategy that aims to attract and boost industrial investments and enhance the competitiveness of Saudi industry.
Minister of Investment Khalid Al-Falih said the industrial sector contributes 30% to total foreign direct investments (FDIs) in Saudi Arabia.
At a panel during the launch of industrial sector benchmark incentives, Al-Falih said the Kingdom had SAR 142 billion worth of investments in the manufacturing sector over the first nine months of the previous year.
He added that 571 global and multinational companies, mostly industrial, established regional headquarters in Saudi Arabia, with the government providing various enabling incentives through diverse programs.
The minister emphasized that the incentives are a significant step toward achieving the goals of Vision 2030 and the National Investment Strategy that aims to attract and boost industrial investments and enhance the competitiveness of Saudi industry.
