Logo of Ministry of Investment
Saudi Arabia’s Ministry of Investment issued nearly 2,192 new investment licenses to foreign companies in the third quarter of 2023, up 135% year-on-year (YoY), excluding the number of new licenses issued under the National Anti-Commercial Concealment Program (Tasattur).
The following table illustrates the number of foreign investment licenses issued since early 2021:
|
Foreign Investment Licenses in Saudi Arabia |
||
|
Period |
No. |
YoY Change |
|
Q1 2021 |
476 |
+36% |
|
Q2 |
528 |
+239% |
|
Q3 |
853 |
+178% |
|
Q4 |
990 |
+121% |
|
Q1 2022 |
1255 |
+164% |
|
Q2 |
939 |
+78% |
|
Q3 |
931 |
+9% |
|
Q4 |
1281 |
+29% |
|
Q1 2023 |
1637 |
+30% |
|
Q2 |
1819 |
+94% |
|
Q3 |
2192 |
+135% |
Excluding the number of new licenses issued under Tasattur
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