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Foreign investment into Saudi Arabia up 13%, says minister – Reuters

Foreign investment into Saudi Arabia up 13%, says minister – Reuters


Cars drive past the King Abdullah Financial District in Riyadh, Saudi Arabia, November 12, 2017. REUTERS/Faisal Al Nasser

DUBAI, Aug 29 (Reuters) – Direct foreign investment into Saudi Arabia rose by about 13% in the first quarter of this year, Saudi Investment Minister Khalid al-Falih said in an interview with Al Arabiya.

Attracting foreign investment is a core element of Saudi reforms aimed at diversifying the economy away from oil.

Reporting by Davide Barbuscia
Editing by David Goodman

Our Standards: The Thomson Reuters Trust Principles.

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Harry Miller is a writer and editor based in Toronto who has Ten years of experience in the journalism industry. Before coming to Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and a breaking news reporter with the Toronto Star. Miller currently holds two bachelor’s degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.

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