Riyadh - Sharikat Mubasher: The Saudi Ministry of Investment (MISA) has actively attracted domestic and foreign investors in recent years by streamlining the investment process and issuing more investment licenses, in conjunction with Vision 2030.

During the third quarter (Q3) of 2024, MISA issued 3,810 investment licenses, excluding investment licenses issued under the Tasattur anti-concealment campaign.

MISA’s monthly bulletin showed that the number of licenses granted in Q3-24 witnessed a 73.7% year-on-year (YoY) increase, compared to 2,193 licenses in the same quarter of 2023.

This increase mirrors the Kingdom’s position as an attractive investment destination that offers competitive advantages and provides a stable and supportive investment environment for businesses.

On the other side, the bulletin highlighted that non-oil activities in Saudi Arabia rose by 4.9% in Q3-24, leading to a 2.8% rise in the real gross domestic product (GDP).