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RIYADH: º£½ÇÖ±²¥ has implemented over 600 structural and legislative reforms that contributed to accelerating and improving the country’s business environment, deputy minister at the Ministry of Investment told CNBC Arabia. 

Saad Al-Shahrani said (the reforms) included facilitating the procedures for issuing investment licenses, whether from inside or outside the Kingdom.

He noted that a total of 150 deals, valued at SR19 billion ($5 billion), were signed during the first half of 2022, reflecting the attractiveness of º£½ÇÖ±²¥ for investors. 

This comes as part of the ministry’s efforts to enhance the Kingdom’s competitiveness as a regional business hub through a series of incentives and initiatives, Al-Shahrani added.