Saudi investment min says FDI up 60% this year, excluding Aramco pipeline deal | Reuters
Saudi Arabia's investment minister said on Wednesday foreign direct investment (FDI) had seen a big jump this year, even without Aramco's oil pipeline sale.
Minister Khalid al-Falih told an investment conference: "FDI has been fantastic this year ... 60% jump excluding Aramco oil pipeline."
Saudi oil producer Aramco (2222.SE) has agreed in April a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners.
Saudi Arabia and Britain also signed a memorandum of understanding to promote bilateral investment flows.
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