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More than 50 commercial attaches meet in Riyadh 3

Abdul Qader provided a presentation about investment environment in the Kingdom, saying that the Authority's priorities concentrate on the work to achieve a quantum leap in the investment environment, and direct quantitative investments to provide competitive sectors to accomplish a direct economic impact on the development movement, explaining that the united investment plan adopted by the Authority aims to create an integrated and coherent system for the development of investment sectors, and work on practicing investment in an easier and more competitive way.
He also said the Authority counts on the private sector to play a bigger role in the development of investment and assists it in the localization of the industry in the Kingdom, increasing its competitiveness levels internally and externally, and getting a larger share of the world market, especially as the contribution of the private sector amounted to 40% of the gross domestic product that totaled SR 652 billion in 2014, noting that the number of foreign companies operating in the Kingdom is an evidence to the development of the investment environment.
-- SPA
15:35 LOCAL TIME 12:35 GMT
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