FDI inflows to Saudi Arabia rise to $13.8 bln in Q2 2021 post Aramco infra deal

30/11/2021 Argaam Special

The Kingdom of Saudi Arabia's flag


Foreign direct investment (FDI) inflows to Saudi Arabia rose to $13.8 billion in the second quarter of 2021, hitting their highest level since late 2010, according to the Ministry of Investment.

 

The huge value of FDI inflows came after the $12.4 billion infrastructure deal closed by Saudi Aramco with a global investor consortium.

 

Despite the major contribution of the deal to the total value, FDI inflows saw a remarkable growth in Q2 year-on-year (YoY), with 56% to nearly $1.4 billion (excluding the deal).

 

Total FDI in the first six months of 2021 amounted to $15.6 billion.

 

The following table shows the quarterly FDI inflows to Saudi Arabia since the beginning of 2017:

 

FDI Inflows to Saudi Arabia

Period

Value (SAR mln)

YoY Variation

Q1 2017

336

--

Q2 2017

548

--

Q3 2017

271

--

Q4 2017

264

--

Q1 2018

1008

+ 200%

Q2 2018

1095

+ 100%

Q3 2018

1075

+ 297%

Q4 2018

1068

+ 305%

Q1 2019

1249

+ 24%

Q2 2019

1122

+ 2%

Q3 2019

1150

+ 7%

Q4 2019

1042

(2%)

Q1 2020

1613

+ 29%

Q2 2020

913

(19%)

Q3 2020

1088

(5%)

Q4 2020

1872

+ 80%

Q1 2021

1811

+ 12%

Q2 2021

13829

--

 

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