RIYADH (Xinhua) - The Saudi Ministry of Investment announced (Monday) the signing of 49 investment deals worth $925 million in the second quarter of 2022.

The ministry revealed that the new deals included various sectors such as the advanced industries sector, the construction and building sectors, real estate activities, information and communication technology, tourism, entertainment, and sports, according to the Saudi Press Agency (SPA).

She explained that the new investments are expected to create about 2,000 new job opportunities, which reflects the success of the national investment strategy in attracting more investment flows to the Kingdom.

The deals included a $133.3 million agreement between the Saudi Ports Authority and DB World UAE; To establish a modern logistics area in Jeddah Islamic Port, and an investment deal worth $37 million, led by MasterCard in the Saudi e-commerce company, HyperPay, to expand the digital payment system in the Kingdom.

The Minister of Investment, Eng. Khaled Al-Falih, referred to the impact of government plans on investment deals and figures, noting that the national investment strategy is an incentive as a result of increasing the private sector’s contribution to the GDP by 65% and increasing foreign direct investment to 5.7% of the GDP.

Al-Falih revealed that the cooperation between the National Investment Strategy and the National Tourism Strategy will witness a strong and attractive development in the tourism product.