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Saudi Arabia workshop woos German investors

  • Saudi Arabia is opening up its economy while diversifying it to lessen its dependence on oil
  • It is believed to have investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion)

The Ministry of Investment of Saudi Arabia has organized a workshop for investors from German companies, said official sources on Tuesday, September 21.

The workshop was aimed at enhancing existing investments and discussing promising investment opportunities between the two countries, said the sources.

It was held at the ministry’s headquarters, apparently as part of its efforts to open direct channels of communication with investors.

The ministry will reportedly provide services and solutions through its multiple channels.

The workshop discussed the most prominent ways to expand the current investments and the most important points that contribute to improving the investment environment in line with Saudi Arabia’s Vision 2030.

Saudi Arabia, as it opens up its economy while diversifying it to lessen its dependence on oil, is believed to have investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion).