Saudi Arabia accelerating reforms to boost investments

Saudi Arabia is accelerating economic reforms to enhance investment climate, Ibrahim Al-Omar, governor of the Saudi Arabian General Investment Authority (SAGIA), said on Thursday.

Foreign investors have shown interest in the Kingdom, thanks to its great and various growth potentials.

The Kingdom has recently endorsed the new bankruptcy law, which was one of the main requirements of foreign investors to protect their business.

Saudi Arabia was classified by the World Bank among the top 20 reformist countries in the world, and the second among the best high-income in G-20 countries, in terms of implementing reforms to improve business environment, Al-Omar added during the Euromoney Conference held in Riyadh.

Commenting on education expenditure, Al-Omar said that the Kingdom ranks among the world’s highest countries in terms of education expenditure per capita.