Saudi Arabia attracts $2.2 bln FDI in Q1 of 2023

By Nada Ali On Jul 26, 2023

Saudi Arabia’s foreign direct investment (FDI) in the first quarter of 2023 grew year-on-year by 10.3 percent to 8.1 billion riyals ($2.16 billion), according to the Saudi Ministry of Economy and Planning on Wednesday.

The kingdom attracted foreign direct investment of about 29.6 billion riyals ($7.9 billion) over the past year 2022, compared to 72.3 billion riyals ($19.28 billion) in 2021.

The country aims to attract $100 billion foreign investment by 2030, according to a previous statement by the Undersecretary of the Ministry of Investment, Saad Al-Shahrani, during an interview with Al Arabiya.

foreign direct investment foreign direct investment (FDI)foreign direct investments (FDI)Saad Al-Shahrani Saudi Arabia Saudi Ministry of Economy and Planning