A. Pharaon & Partners Law Firm.

The variety of domestic and export-oriented investment opportunities in Saudi has attracted steadily increasing foreign direct investment as the economy has been progressively opened. Saudi Arabia’s rapid improvements have made the country an increasingly attractive destination for investment. The World Investment Report 2009 measured Saudi Arabia’s FDI inflows to be the 14th largest in the world and the highest amount in the MENA region. The country’s growth in FDI inflows was especially impressive in light of the global economic downturn, which caused international investment levels to drop significantly in the second half of 2008.