Riyadh – Mubasher: Foreign investors are keen to participate in Saudi Arabia’s privatisation programme on the back of having considerable investment opportunities, Minister of Economy and Planning Mohammed Al Tuwaijri said on the sidelines of the third day of the Future Investment Initiative (FII) conference.
“What do investors want? A stable macroeconomy, growth, strong labour markets, and accessible capital markets, transparency and fairness,” Al Tuwaijri added.
The minister further noted that the oil-rich Kingdom is working on providing pro-investment conditions that will encourage investors to pump liquidity in the private sector.
Organised by the PIF, the FII conference started in Riyadh on Tuesday, 23 October and ends on Thursday, 25 October.
In the first day of the investment event, dubbed “Davos in the Desert”, the kingdom signed $50 billion in deals, of which $34 billion were signed by Saudi Aramco and included a deal with France's Total to establish a manufacturing complex.
