The Ministry of Investment clarified on Wednesday the truth behind circulated reports regarding the stalling of an industrial investment project and the subsequent decision against relocating three factories from an Arab country to the Kingdom.
اضافة اعلان
The Ministry explained that after communicating directly with the source of the report—who had spoken on a local radio station—the source confirmed that the referenced incident dates back more than 13 years, which predates the establishment of the Ministry of Investment. The Ministry pointed out that when it requested the original investor's details to get in touch and directly verify the situation, the source declined to provide the name or any contact data.
According to the information provided by the source, the location in question sits outside municipal zoning boundaries on land owned by the investor, who had planned to establish a project there alongside a private facility for personal use. At the time, this required provisioning the necessary infrastructure services for the site in accordance with the laws and regulations in effect back then.
The Ministry clarified that requirements for executing any investment project depend on its nature, location, and zoning classification, governed by enforceable legislation and regulations that organize land use and urban planning requirements to ensure proper area zoning and sustainable development.
Furthermore, the Ministry emphasized that the Kingdom houses 20 industrial and development zones spread across various governorates. These zones offer fully integrated infrastructure along with logistical and investment services meeting the highest standards, and are highly equipped to accommodate all projects. This setup has helped attract major local and foreign investments across diverse industrial sectors and set up factories and production facilities that boosted national exports. These zones house 1,676 economic and industrial facilities, with investments exceeding 6.9 billion dinars, and have contributed to creating more than 127,000 jobs.
The Ministry noted that it has worked on developing and classifying industrial and development zones based on the competitive advantages of each geographic region and the nature of targeted economic and industrial activities to enhance efficiency and integration. These zones have continued to record positive indicators in investment performance, as the growth rate of investment volume within them reached around 18.79% during the first half of 2026, reflecting the attractiveness of the investment environment and growing confidence in the national economy.
The Ministry reaffirmed its commitment to following up with all investors and communicating with them to address any challenges facing their projects, in coordination with competent government entities and within legal and regulatory frameworks. This approach has helped facilitate numerous investments, enabling them to overcome challenges, complete procedures, and move into the implementation and production phases, reflecting the government's keenness to provide an attractive and competitive investment environment.
The Ministry indicated that over the recent period, the government has approved a broad package of legislative and procedural reforms aimed at improving the investment climate. This included simplifying procedures, developing services, launching the electronic investment platform, and upgrading investment window services, thereby enhancing the investor experience, raising the competitiveness of the investment environment, and increasing the Kingdom's capacity to attract more local and foreign investments.
