وكيل وزارة الاستثمار السعودية لـ CNBC عربية: نستهدف استثمارات كلية بقيمة 12 تريليون ريال بحلول 2030

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Watch وكيل وزارة الاستثمار السعودية لـ CNBC عربية: نستهدف استثمارات كلية بقيمة 12 تريليون ريال بحلول 2030 - CNBCArabia on Dailymotion

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00:00 The short story is that the vision of Sayyidi and Wali Al-Ahad

00:04 has brought great goals in the entire economy of the Kingdom.

00:07 The most important is to reach the Kingdom to the largest economy in the world.

00:11 Therefore, investments should be encouraged to reach 30% as a target of the overall local product

00:17 as it came in the National Investment Strategy.

00:20 The National Investment Strategy was launched two years ago under the supervision of Sayyidi and Wali Al-Ahad

00:25 and it has been targeted annually, whether on local investment or overall investment or foreign investment.

00:31 We are targeting approximately 12 trillion Saudi Riyals by the year 2030

00:36 as a total of investments, including local investments, private sector investments, government investments,

00:42 and also foreign investments.

00:46 We also have annual targets.

00:48 We are targeting, God willing, by 2023 to reach 83 billion Saudi Riyals as foreign investments entering the Saudi economy.

00:57 The investment performance so far in the last two years has achieved great achievements

01:02 based on the initiatives and reforms that were launched with the National Investment Strategy,

01:07 and most importantly, the improvement of the investment environment, the development of legislative reforms,

01:11 and the supporting reforms and the facilities, including appropriate funding and incentives.

01:16 Therefore, the overall investment growth in the past year was approximately 30% in 2022 compared to 2021.

01:24 The private sector was the driver of these achievements or growth,

01:30 as the private sector grew by more than 50% in investments in the past year.

01:35 The investments varied between different sectors, including manufacturing,

01:41 petrochemicals, transportation and logistics, communications and information technology,

01:50 real estate, construction, and wholesale and distribution.

01:56 We should not forget the promising sectors, such as tourism, entertainment, and sports.

02:04 We are talking about targeting 12 trillion Riyals by 2030.

02:11 Looking at the next year, are there any targets or targets for the size of foreign investments

02:17 or the growth levels to be achieved compared to this year?

02:21 True. We have annual targets for each year, and the cumulative receipt, which is 12 trillion in 2030, is clear.

02:31 We have an average annual growth of 13% every year until we reach the cumulative target by the end of 2030.

02:41 I mentioned foreign investments, which target 83% this year.

02:47 The performance is still excellent in the first three quarters.

02:50 We hope that there will be future investments from countries to target promising sectors.

02:58 We have already achieved this target by providing the incentives, because these are the priority sectors in Saudi Arabia.

03:03 Geographically, we are seeing strong economic partnerships between the Kingdom of Saudi Arabia and China,

03:09 the Kingdom of Saudi Arabia and Turkey.

03:11 To what extent do we see promising foreign investments and growth in these investments,

03:16 if we do not talk about China, for example?

03:19 I will talk in general, that the issue of economic clusters is important for the Kingdom of Saudi Arabia.

03:26 The Kingdom is now looking for its economic and investment interests everywhere.

03:29 China is a very important strategic partner, both in terms of investment and trade.

03:34 If we look at trade, we find that China is one of the top countries in the world in terms of trade in 2022 compared to 2021.

03:41 Therefore, the amount of future investments from China in the past two years is very high.

03:46 How many?

03:48 We have targeted a variety of sectors, such as telecommunications and information technology.

03:55 The numbers have not yet ended, and will end at the end of the year, in November,

04:01 in order to be a collection of all financial institutions.

04:07 By the way, we have adopted a new approach to show specific details in direct foreign investment.

04:13 We have clear numbers for countries and sectors in the past.

04:18 We have adopted a new approach with the International Monetary Fund in cooperation with the Ministry of Investment,

04:22 the General Statistical Office and the Saudi Central Bank.

04:25 At the end of the year, we will announce data on sectors, activities, products, countries and cities

04:30 that will be invested in the Kingdom of Saudi Arabia.

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