Exploring Saudi Arabia's Appeal for Foreign Direct Investm
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Date
2024-08-28
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Publisher
University of Edinburgh
Abstract
This capstone project investigates the factors that make Saudi Arabia an appealing destination for Foreign Direct Investment (FDI) within the framework of Vision 2030. The research evaluates the Kingdom’s strategic location, abundant natural resources, favorable regulatory reforms, and sector-specific initiatives aimed at diversifying its economy beyond oil dependence. Through a comprehensive analysis of economic, infrastructural, and policy-based factors, the study highlights Saudi Arabia’s potential to attract and sustain global investments. By examining the incentives and structural advantages provided to foreign investors, this project offers insights into Saudi Arabia’s efforts to position itself as a competitive and sustainable player in the global market.
Description
Saudi Arabia’s Vision 2030 represents a transformative shift towards economic diversification and reduced reliance on oil, with an emphasis on sectors such as tourism, technology, and renewable energy. Situated strategically between East and West, the Kingdom boasts unparalleled geographic advantages, offering direct access to key international markets. This project delves into the country’s efforts to attract FDI by enhancing its investment climate through regulatory reforms, improved infrastructure, and targeted incentives for high-potential sectors. With initiatives like the development of NEOM and the expansion of the Red Sea Project, Saudi Arabia aims to create a robust business environment that is both competitive and globally aligned. The study not only evaluates the impact of these strategies but also provides practical recommendations to address existing challenges, ensuring that Saudi Arabia remains a key player in attracting and retaining foreign investment.
Keywords
Saudi, Business, fdi, Vision 2030, Economic diversification, Location advantage