Crown Prince Mohammed bin Salman has announced the establishment of 5 regional companies.
According to the Saudi Press Agency, these companies will invest in Jordan, Bahrain, Sudan, Iraq and the Sultanate of Oman.
Earlier, the Saudi-Egyptian investment company was announced in August.
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The aforementioned companies will invest a total of 90 billion riyals in various sectors in these countries.
This announcement was made under the Future Investment Initiative held in Riyadh, in which experts from all over the world are participating.
The newly established companies will work on new investment opportunities with the support of private investors under the Saudi Investment Fund.
Looking for new investment opportunities in the mentioned countries will have long-term positive effects in the economy.