Saudi Arabia's decision to open its capital market to all categories of foreign investors this week is the latest step in its goal of boosting capital inflows and encouraging market activity.
The kingdom, the Arab world's largest economy, is focusing on a more inclusive and open strategy, aligned with the goals of its Vision 2030.
“Saudi Arabia has focused on unlocking private-sector growth, expanding global partnerships and creating a more competitive and transparent business environment,” analysts at Dubai-based consultancy Sovereign PPG said.
The regulatory modernisation is “improving transparency, streamlining processes and aligning frameworks with international standards”.
Open stock market
On Tuesday, the Capital Market Authority said it will allow people from overseas to invest directly in the market for the first time – the latest in a string of stock market moves meant to expand Saudi Arabia's investor
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