Saudi Arabia's FDI Surges: Q4 2023 Sees Record Inflows

KSA, 29 March, 2024 : Foreign direct investment (FDI) inflows to Saudi Arabia saw a substantial increase, surging by 17% to reach SAR 19 billion ($5.07 billion) in the fourth quarter of 2023, according to data from the General Authority for Statistics (GASTAT). 

During the same period, FDI outflow also rose by 18% to SAR 6 billion. The net flow of FDI totaled SAR 13 billion in Q4 2023, showing significant growth from SAR 11 billion in the previous quarter.

In a report by Emirates NBD, Saudi Arabia’s greenfield FDI inflows experienced remarkable growth, more than doubling to $28.78 billion in 2023. This surge surpassed the recent peak of $17.57 billion in 2018 but fell short of the record high of $34.26 billion in 2008.

Source : www.zawya.com