Saudi Arabia records SAR13b FDI in Q4 -’23

Saudi Arabia saw a net inflow of foreign direct investment (FDI) totalling more than SAR 13 billion ($3.46 billion) during the fourth quarter of 2023, marking a significant 16.0 per cent increase compared to the third quarter of the same year, which amounted to around SAR 11 billion, according to official data released on Thursday.

The FDI inflows to the Kingdom’s economy reached approximately SAR 19 billion in the fourth quarter, marking a rise of 16.6 per cent compared to the third quarter of the same year when it stood at around SAR 16 billion.

Meanwhile, the FDI outflows in the Kingdom’s economy reached approximately SAR 6 billion in the fourth quarter, marking a rise of 17.6 per cent compared to the third quarter, when it stood at around SAR 5 billion.