Saudi Arabia’s FDI reaches SAR 16B in Q3 2024

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Foreign direct investment (FDI) inflows to Saudi Arabia reached SAR 16 billion in Q3 2024, a 24% decline compared to a year earlier, according to data by the General Authority for Statistics (GASTAT).

Compared to Q2 2024, net FDI inflows increased by 37%.

The value of FDI inflows into the Saudi economy reached approximately SAR 17.95 billion in Q3 2024, down 21% year-on-year (YoY).

FDI outflows amounted to around SAR 2 billion, a 27% increase YoY.

GASTAT defines FDI as an investment that reflects a long-term relationship and sustained interest from economic entities based in an economy outside of Saudi Arabia. This means that a foreign investor, whether individually or as part of a group, holds 10% or more of the voting power of the shares, enabling them to exercise control or influence over decision-making to serve their interests. As such, this process is classified as foreign direct investment.

The FDI survey covers all major economic activities, as per the national classification of economic activities (ISIC4).