The balance of Saudi Arabia’s foreign direct investment (FDI) recorded an annual growth of six percent, reaching SR808 billion in 2023, according to the Ministry of Investment.
These talks are set to culminate in a Saudi-EU Memorandum of Understanding (MoU) aimed at accelerating private investment in renewable energy, improving electricity interconnections, and integrating renewable sources into the electricity grid.
Saudi Arabia has garnered global acclaim from the UN Tourism and the World Travel & Tourism Council for welcoming more than 100 million tourists in 2023, and achieving its 2030 target seven years in advance.
Saudi Arabia has received international recognition and praise from UN Tourism and the World Travel & Tourism Council for the "remarkable achievement" of receiving over 100 million tourists in 2023, according to a statement issued today by the Saudi Ministry of Tourism. This accomplishment, the statement said, significantly surpassed the target set for 2030, positioning Saudi Arabia as "an emerging global tourism powerhouse.”