The Saudi Investment Deputy Minister for Economic Affairs and Investment Studies, Dr. Saad Alshahrani, has stressed that the development of local investments is a major driver of the Saudi economy, pointing out that the economic performance of the Gulf region and the Middle East has made it attract more foreign investments.
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Saudi Arabia’s GDP has risen from SR2.6 trillion ($690 billion) in nominal terms to over SR4 trillion ($1.07 trillion), and its standing among G20 countries has leapfrogged to number 16, said Khalid Al-Falih, Saudi Minister of Investment.