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The $100bn investment chase of Saudi takes off ...Qatar
Saudi Arabia’s foreign direct investment has reached its highest level in more than a decade last year, seeing a sharp upswing thanks mainly to an oil pipeline deal in the second quarter. FDI inflows totalled $19.3bn, the most since 2010, according to data published by the Saudi central bank last week. A new national investment strategy last year set an FDI target of more than $100bn annually by 2030. Crown Prince Mohamed bin Salman’s ambitions for diversifying the kingdom’s oil-dependent economy rest in part on its ability to secure more foreign investment. But the push has faced obstacles, with investors complaining of a raft of issues with Saudi regulations. The bulk of last year’s FDI t
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