JEDDAH, 16 May 2007 — Saudi Arabia is one of the most secure countries in the world and the increasing inflow of foreign investments is a strong evidence of that, according to Interior Minister Prince Naif.
“It is a well-known principle that capital is a coward and cannot move except in a secure environment. You can see now a lot of investment projects and developmental activities in the Kingdom,” he said.
“The growing investments from within and outside the country are a strong proof of stability and investor-confidence,” Prince Naif said in comments carried by the Saudi Press Agency.
Saudi Arabia has licensed 1,389 foreign and joint projects with a capital investment of SR253 billion until 2006, registering a 25 percent rise in investments. The government is also planning to attract new investments worth SR300 billion this year.
Prince Naif said Custodian of the Two Holy Mosques King Abdullah’s praise of the security forces for defeating terrorists would encourage them to make more sacrifices in protecting the country.
The interior minister also spoke about King Abdullah’s landmark visit to the Kingdom’s regions since he ascended to the throne in August 2005. “The warm welcome received by the king during the tour reflected the strong relationship between the Saudi people and their leadership,” he said.
“King Abdullah’s tour of the regions was a big success. The king’s insistence on visiting all regions to see for himself the progress they have made and the requirements they have indicates that the Kingdom is heading for brighter future,” the prince aded.
