FDI inflows to Saudi Arabia jump 16%, reaching over SR13 billion in 4Q of 2023 – Saudi Gazette

  • Date: 04-Apr-2024
  • Source: Saudi Gazette site:saudigazette.com.sa
  • Sector:Oil & Gas
  • Country:Saudi Arabia
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FDI inflows to Saudi Arabia jump 16%, reaching over SR13 billion in 4Q of 2023 – Saudi Gazette





Saudi Gazette Report RIYADH — The value of net foreign direct investment (FDI) flows into Saudi Arabia crossed the mark of SR13 billion ($3.4 billion) during the fourth quarter of 2023. This records an increase of more than 16 percent compared to the third quarter of the same year when it stood at about SR11 billion, according to the data released by the General Authority for Statistics (GASTAT).The value of FDI flows into the Kingdom’s economy amounted to about SR19 billion ($5 billion) in the fourth quarter, an increase of 16.6 percent compared to the third quarter of the same year, which amounted to about SR16 billion.As for the value of foreign direct investment flows out of the Kingdom’s economy, it amounted to about SR6 billion during the fourth quarter of 2023, an increase of 17.6 percent compared to the third quarter of the same year, which amounted to about SR5 billion, the authority report pointed out.
FDI inflows to Saudi Arabia jump 16%, reaching over SR13 billion in 4Q of 2023 - Saudi Gazette