Investment Ministry clarifies objectives of National Investment Strategy pillars

Saudi Arabia’s Ministry of Investment clarified the objectives of the strategic pillars of the National Investment Strategy (NIS).

Each pillar has a comprehensive objective linked to initiatives and programs that help achieve the strategy’s goals and support companies to kick off in the Kingdom, the ministry said.

The objectives of the investment opportunities pillar are to develop and accelerate strong and diversified investment opportunities in all economic sectors, while the goals of the investors pillar are to increase the contributions of various local and international investors, public and private sectors, large enterprises, and small and medium enterprises (SMEs).

The funding pillar objectives are represented in diversifying funding options available to investors by deepening capital markets and introducing new financing tools and platforms.

Meanwhile, the objectives of the competitiveness and enablers pillar are to adopt the best-in-class regulations and regulatory processes.

Earlier this week, Crown Prince Mohammed bin Salman launched the National Investment Strategy (NIS) – a key enabler of the Vision 2030 objectives, according to data compiled by Argaam.

The strategy will contribute to the Kingdom’s economic growth and diversification, in line with Vision 2030 objectives, including raising the private sector contribution to gross domestic product (GDP) to 65%, increasing foreign direct investments to 5.7% of GDP and cutting the unemployment rate to 7%.