RIYADH: The Federation of Saudi Chambers has launched a support tool called the International Business Concierge to assist foreign businesses in establishing, exploring, and expanding their market share in the Kingdom.
The effort aims to help foreign businesses to move from an initial interest in investing to establishing and expanding their businesses in the Kingdom, Al-Eqtisadiah said.
Saudi Arabia is trying to boost its attractiveness to foreign investors through economic reforms, a changing business landscape and rising opportunities in key sectors.
Foreign direct investment inflows increased from $7.5 billion in 2017 to $35.5 billion in 2025, while the total stock of FDI increased from $133.8 billion to $293.3 billion over the same period.
As Vision 2030 proceeds into the next phase, the Kingdom is seeking to capitalise on this momentum and enhance its ability to translate foreign investor interest into actual investments and long-term economic contributions.
In relation to this, the IBC shall establish a dedicated assistance system to ease the entry of international enterprises into the Saudi market and assist them to start and expand their operations through a wide range of services.
The Federation has a network of 26 chambers of commerce and 103 business councils in the Kingdom. The new initiative will help foreign investors with the processes necessary to establish and scale companies in Saudi Arabia, thereby strengthening the role these organisations play in connecting Saudi corporations with global business communities.
