This is not the first time I have written about the Qiddiya Investment Co. (QIC). Recently, I had the chance to attend an evening organized by the American Business Group where QIC’s CEO Michael Reininger was guest speaker.

I have been involved in the Saudi insurance sector since BMG received its CMA’s license almost 15 years ago. In addition to taking a dozen companies public and listing them on Tadawul, I have been involved in merger and acquisition discussions with several companies.

This is my last article of 2019. Personally, I believe it was the busiest year in terms of business activities, reforms, new laws, local and international events in our recent history.

With the end of 2019 on the horizon, I would like to list my observations, as well as my own experience, concerning Saudi Arabia’s attractiveness to foreign direct investments (FDIs).