The Saudi Arabian General Investment Authority (SAGIA) Governor Amr Al-Dabbagh announced today that foreign investment in the Kingdom totaled SR 97.7 billion [$26.1 billion] in 2005, excluding investment in oil, gas and mineral prospecting.

Japan was the Kingdom’s top investor in 2005, with around SR 87.1 billion [$23.2 billion], followed by the United Arab Emirates, Bahrain and the United States.

Regarding accumulating investment, the United States was first with SR 35.34 billion  [$9.4 billion] invested in 265 projects, followed by Japan with SR 17.15 billion [$4.6 billion] in 35 projects and the United Arab Emirates with SR 11.68 billion [$3.1 billion] in 84 projects, Al-Dabbagh said.

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