Saudi Arabia’s main stock exchange, Tadawul, opened to foreign investors in 2015. – REUTERSPIXSaudi Arabia's Capital Market Authority said today it will allow foreigners to invest directly in debt instruments, furthering open the Saudi market to outside investors.
Saudi Arabia's reforms to develop and open up its capital markets are part of Vision 2030, an economic reform plan aimed at boosting growth in the private sector and at diversifying the country's economy beyond oil. This decision will help"enhance the investment environment attractive for foreign investors, thus contributing to raising the efficiency of the market and increasing its competitiveness regionally and internationally", the CMA said in its statement.
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