S. Arabia sees FDI inflows down by 7.5% in Q2 ’24

Saudi Arabia’s net inflow of foreign direct investment (FDI) reached SAR 11.7 billion during the second quarter (Q2) of 2024, representing a 7.5 per cent drop compared to the SAR 12.6 billion recorded in the same period in 2023. However, this marks a significant 23.4 per cent growth when compared to the SAR 9.5 billion inflow seen in the first quarter (Q1) of 2024.

The total value of FDI inflows during Q2 2024 stood at SAR 19.4 billion, showing a slight increase from the same quarter of 2023, which also recorded SAR 19.4 billion. This inflow reflects a 14.5 per cent rise compared to Q1 2024, where SAR 17 billion was recorded.

FDI outflows during the second quarter of 2024 amounted to SAR 7.8 billion, up 14.1 per cent from SAR 6.8 billion in Q2 2023. Outflows also saw a 3.4 per cent increase from the SAR 7.5 billion recorded in the first quarter of 2024.

Attribution: General Authority for Statistics (GASTAT)

Subediting: M. S. Salama