[1] Khalid al-Falih, the former chairman of Saudi Aramco was appointed as the new minister by replacing governor Ibrahim al-Omar following the ministry's renaming.

[1] Historically, SAGIA held responsibility for issuing foreign investment licenses to non-Saudi companies that wished to operate in the Kingdom,[2][3] and lacked a broader role in Saudi economic regulation.

[7] At its third annual Future Investment Initiative (FII) conference, which took place in October 2019, SAGIA signed 23 agreements collectively $15 billion.

[10] In August 2017, SAGIA allowing 100% foreign ownership in the engineering business for the first time; the rules remained restrictive, such that only established multinationals were eligible.

[2] The creation of the Investment Ministry was part of a broader Saudi government reshuffle by Crown Prince Mohammed bin Salman (MBS), the de facto ruler of the kingdom.