Riyadh-Mubasher: Saudi Arabia has cumulative foreign investments in the traditional sectors at a total value of more than SAR 220 billion, said Abdullatif Al-Othman, governor of Saudi Arabian General Investment Authority (SAGIA).
Despite low oil prices, the rate of foreign and local investments in the kingdom is still strong and attractive, due to the public spending which increased to $300 billion in 2014, Al-Riyadh newspaper reported.
Al-Othman expected investments to increase after the launch of the new generation of investments such as the sufficiency programme and resettlement of railway, transport, healthcare and supplementary industries in the oil and gas sector.
The investment opportunities in the healthcare sector reach $71 billion, while the transport sector has 36 promising investment opportunities worth nearly $25 billion.
