The Saudi Arabian General Investment Authority (SAGIA) revealed on Wednesday that the US investments in the Saudi market until February 2018 exceeded SR207 billion, reported the Saudi Press Agency.
It added that the number of investment companies amounted to 373 operating diverse activities ranging from service, industrial, real estate, scientific, technological and temporary licensing fields.
The industrial activity topped the series with SR193 billion investments covering 95 projects, followed by service activity, which attracted 245 projects worth SR13.5 billion, the trade activity of nine projects at an investment of more than SR300 million, two real estate projects financed at SR16 million, and coming last was the temporary licensing activity with 16 projects worth SR2 million, the report said.
As many as 16 new companies worth SR382,210,000 have entered the Saudi market in 2017 with the service activity leading these activities and the industrial activity coming second, the report added.
