Saudi Arabia’s net FDI at SAR 13B in Q4 2023

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Net foreign direct investments (FDIs) in Saudi Arabia rose by 16% quarter-on-quarter (QoQ) to SAR 13 billion in Q4 2023, according to the latest report by the General Authority for Statistics (GASTAT).

FDI inflows amounted to SAR 19 billion by the end of Q4 2023, up by 16.6% QoQ. The value of foreign investment outflows reached nearly SAR 6 billion, an increase of 17.6% QoQ.

GASTAT defines FDI as the investment that reflects a long-term relationship and permanent interest of economic entities residing in an economy other than the Saudi economy. This means that the foreign investor individually, or a group of foreign investors, owns 10% or more of the voting power of the shareholders, enabling them to control or influence the decision-making process to serve their interests. Such process is called FDIs.

FDI survey covers all major economic activities according to the national classification of economic activities ISIC4.