The Governor of Saudi Arabia General Investment Authority (SAGIA) Engineer Abdullatif Ahmad Al-Othman has confirmed that the total foreign direct investment balances in the Kingdom of Saudi Arabia amounted to about $ 208 billion until the end of 2014, pointing to a rise in the Kingdom's general government spending to about $ 300 billion in 2014, associated with a huge economic activity and major investment opportunities. In his speech, entitled "Saudi Economy and New Available Investment Opportunities in the Kingdom", at the meeting of Arab Chambers Union Council which is currently being held here, he said that the Kingdom of Saudi Arabia enjoys unique political and economic stability and occupies fourth place worldwide in terms of macroeconomic strength, according to World Competitiveness (WEF)'s report, indicating that the Kingdom holds the third place in the world on taxes payment indicator, according to the World Bank's report on the easiness of doing business for 2014. --More 13:56 LOCAL TIME 10:56 GMT تغريد
