RIYADH: Riyadh Economic Forum is currently completing a study on investments in Saudi Arabia whose results and recommendations will be submitted to King Abdullah, Custodian of the Two Holy Mosques, who sponsored the Forum. Saad Al-Moajal, chairman of the Forum's Board of Trustees, said that the study will assess investment in the Kingdom including the results of the final recommendations of the Forum. He also underlined the need to diagnose the status of foreign investment and determine the ways that it can boost growth and diversify the national economy. “The objective of the study includes assessing foreign investment during the last decade in terms of quantity and quality and determining the economic and social returns of these investments and their contribution to economic diversification, “ Al-Moajal said. He also highlighted the contribution of the national private sector and the creation of competition, as well as its contribution to the generation of employment opportunities. Al-Moajal said a panel discussion was held recently with a select group of specialized government officials, academicians, businessmen and businesswomen, and the Board of Trustees of the Riyadh Economic Forum during which additional ideas and proposals emerged for the benefit of the study in accordance with the methodology used by the Forum. He also noted the importance of the subject in light of the high growth rates achieved by the Kingdom during the past few years after it adopted free trade reform policies, liberalized some sectors of the economy, and developed foreign investment laws.
