Investment Minister: Saudi Arabia's Appeal Drives Tenfold Rise in Registered Companies

Minister of Investment Khalid Al-Falih affirmed that the private sector is the main driver of the Kingdom’s economy and a key partner in its successful economic transformation journey.

He highlighted that the achievements in the investment ecosystem were made possible by the directives of the wise leadership and the support of government agencies, particularly the restructuring of the Public Investment Fund (PIF), which has sprearheaded an unprecedented shift toward a diversified and sustainable economy.

Speaking during a dialogue session at the PIF Private Sector Forum, the minister stated that His Royal Highness the Crown Prince has placed great emphasis on reshaping the role of the PIF, positioning it as a key driver of economic transformation and reducing reliance on oil.

He noted that HRH the Crown Prince’s strategic decisions contribute to building a sustainable economic future for the Kingdom, the region, and the world.

Al-Falih added that the Kingdom’s investment appeal is reflected in a tenfold increase in registered companies, as well as in the growth of companies choosing the Kingdom as a regional and global platform, rising from five to approximately 700.

He explained that reprioritizing certain projects is a natural investment approach, guided by the fund’s governance and its institutional flexibility in responding to global economic and technological changes, as well as evolving feasibility.

He also noted that investment entities may periodically reassess their plans or replace projects with more viable alternatives to ensure optimal use of capital and maximize economic impact.