The Saudi General Authority for Statistics has recently announced that the net inflow of foreign direct investment (FDI) in Saudi Arabia reached SAR 9.5 billion in the first quarter of 2024. This represents a 5.6% increase compared to the corresponding quarter of 2023, which saw investments of SAR 9 billion.
Moreover, the total value of incoming FDI to the Saudi economy was approximately SAR 17 billion during the first quarter of 2024. This marks a 0.6% rise from the first quarter of the previous year, where the total was about SAR 16.9 billion.
According to the report by the General Authority for Statistics, the outward FDI flows from the Saudi economy amounted to SAR 7.5 billion in the first quarter of 2024. This figure is a 5.1% decline from the first quarter of 2023, which recorded an outflow of SAR 8 billion.
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The net FDI inflows in Saudi Arabia had previously reached SAR 13 billion in the fourth quarter of 2023, up from SAR 11 billion in the third quarter of the same year, showcasing a significant increase of 16%.
