Saudi Arabia reveals areas of investment in 5 Arab countries

The Saudi Crown Prince announces the establishment of 5 regional investment companies Within the strategy of "public investments" to target strategic sectors in Jordan, Bahrain, Sudan, Iraq and Oman.

The companies will invest in several strategic sectors, including but not limited to infrastructure, real estate development, mining, healthcare, financial services, food and agriculture, manufacturing, communications and technology, and other strategic sectors.

 Joint economic solidarity

The announcement of the Saudi Crown Prince shows the realism of joint economic solidarity and achieving the interests of countries and their peoples in the Arab region.

  Jordanian Parliamentarian Khaled Abu Hassan, former head of the Economy and Investment Committee in the Jordanian Parliament, considered that this Saudi approach is evidence of the depth of the Jordanian-Saudi relationship that is linked by history, present and future.

Abu Hassan revealed investment areas ready for exploitation, including infrastructure development projects and services that bring lucrative profits in return for providing quality services, whether for residents or foreign tourists.

Investment areas

Abu Hassan indicated that investment in the areas of infrastructure and services is immediately reflected in the overall economy by reducing unemployment numbers among Jordanian youth and raising growth figures, which requires attractive investment facilities provided by the Jordanian government and benefiting from successful investment attracting policies in sister countries.

Tourism in Jordon

The Jordanian economist and MP supported the idea of investing in tourism. Especially since many Saudis flock to Jordan.

He explained that the tourist market needs a hotel sector of various grades and costs in the tourist attractions through Jordan's weather, which varies between resorts and resorts that Arab and foreign tourists visit.

Field of technical sciences Jordon

Abu Hassan supports the idea of investing in the field of technical sciences, given the priority of keeping pace with developed countries, rather than avoiding the field of traditional sciences, which inflates unemployment numbers among young groups in the countries of the region.

Investing in the transportation network in Jordon

According to Abu Hassan, investing in the public transport network through express train projects and linking the north of Jordan with its south will have an impact on improving the movement of trade and transporting labor easily and with reasonable wages in return for the interaction of citizens with such quality services that they need and have a profitable return for the operator and a shortening of time for the student. the service.

Investment in the manufacturing industry Jordon

Investment in the manufacturing industry may be of great benefit to both parties, especially in the fields of phosphate, potash, silicon and other sectors that are exported as raw materials, before being imported again as products.

75 investment opportunities in Iraq

According to officials in the Iraqi Governmental Investment Authority, Iraq identified, at the beginning of this year, about 75 investment opportunities available for the establishment of modern housing complexes that extend over hundreds of kilometers in the cities of the center and south, while Iraqi data reveal more than 150 projects to develop livestock breeding and the cultivation of grain crops.

Non-oil wealth in Iraq 

Non-oil wealth joins the list of investment opportunities in the country, as it ranks second in the world in phosphate reserves, which are estimated at 10 billion tons.

In addition to ores of metallic and non-metallic industrial minerals, such as free sulfur, silica sand, and other minerals in different areas of its territory, which constitute investment opportunities for the mining and construction industries.

Sudan's multiplicity of resources

  Sudan abounds with enormous resources represented in its vast lands and multiple climates, where, according to the official website of the Sudanese Ministry of Investment, “Sudan’s importance has increased in the recent period in the field of investment, due to its increased economic importance on the one hand, and the multiplicity of its resources on the other.”

Investment opportunities and advantages in Sudan were presented in the fields of livestock, agriculture, energy, mining, oil and infrastructure.

Omani Investment

Abdul Salam Al-Murshidi, Chairman of the Omani Investment Authority, confirmed that the economic relations between the Sultanate of Oman and Saudi Arabia have made great strides towards integration and strengthening the partnership between the two countries.

He revealed that the Saudi Public Investment Fund, on the orders of Saudi Crown Prince Mohammed bin Salman, had allocated $5 billion to establish a company in the Sultanate of Oman.

The vision of "Oman 2040", one of the most important axes of which is economic diversification, and this is not by completely dispensing with the oil and gas sector, but rather by investing in other sectors, in addition to this sector. 

The vision identified five main sectors to invest in, namely: tourism, logistics, industry, mining, food investment.

Investment $5 billion in Bahrain

The Saudi Minister of Investment, Khalid Al-Falih, revealed that a specialized fund has been allocated for investment in the Kingdom of Bahrain, aiming to invest about $5 billion.

Al-Falih said that two memorandums of understanding will be signed, the first between the National Center for Waste Management in Saudi Arabia and the Supreme Council for the Environment in the Kingdom of Bahrain in the field of sustainable waste management.

The second is a memorandum of understanding between the Bahrain Agricultural Development Company and the concerned authority in Saudi Arabia in the field of food security.

This investment will be available to various economic sectors in the Saudi and Bahraini private sectors, in addition to establishing joint platforms in Bahrain to offer studied investment opportunities that are economically feasible in the two countries.