S. Arabia’s FDI surges by 5.6% in Q1 ’24

Saudi Arabia experienced a significant boost in foreign direct investments (FDI) in the first quarter of 2024, with the net flow reaching 9.5 billion SAR. This marks a 5.6 per cent increase compared to the same period in 2023, which recorded an FDI net flow of 9 billion SAR.

The growth highlights the kingdom’s improving economic landscape and its appeal to international investors.

Government initiatives aimed at creating a more favourable business environment and attracting foreign capital have played a crucial role in this uptick. Economic analysts attribute this rise to various factors, including policy reforms, strategic partnerships, and the kingdom’s ongoing efforts to diversify its economy. This positive trend is expected to continue, further solidifying the Kingdom’s position as a key destination for global investments.

Attribution: General Authority for Statistics (GASTAT) data.