Saudi Arabia records $2.1 bln FDI inflows in Q2 2022

15/11/2022 ِArgaam special

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Foreign direct investment (FDI) inflows to Saudi Arabia dropped 85% year-on-year (YoY) to SAR 7.9 billion (or $2.11 billion) in the second quarter of 2022, according to the Ministry of Investment.
 

The ministry ascribed the decline to closing the deal of Saudi Aramco in Q2 2021, which amounted to about SAR 47 billion. Excluding Aramco's deal, FDIs inflows to the Kingdom grew by 45% YoY in and 6.6% quarter-on-quarter (QoQ) in Q2 2022.
 

Nominal gross fixed capital formation reached SAR 248 million, a rise of over 36% YoY.

 

Q2 2022 Investment Indicators

Indicator

Details

Net FDIs (SAR bln)

7.9

Net FDI growth (YoY)

(85%)

Nominal gross fixed capital formation (SAR bln)

248

Nominal gross fixed capital formation Growth (YoY)

+ 36%

Expected value from deals (SAR bln)

+ 179%

 

According to Argaam data, the FDIs rose for the seventh straight time in Q2 2022.

 

FDIs in Saudi Arabia*

Period

Value ($mln)

YoY Change

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

826

(26%)

Q3 2020

1088

(5%)

Q4 2020

1871

+ 80%

Q1 2021

1795

+ 11%

Q2 2021

13829

--

Q3 2021

1728

+ 59%

Q4 2021

1933

+ 3%

Q1 2022

1973

+ 10%

Q2 2022

2107

(85%)

*Updated data

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