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Net foreign direct investment (FDI) in Saudi Arabia rose in Q1 2024 by more than 5% year-on-year (YoY) to SAR 9.5 billion, according to the latest report by the General Authority for Statistics (GASTAT).
FDI inflows amounted to SAR 16.97 billion by the end of Q1 2024, up by 0.3% YoY. Meanwhile, the value of foreign investment outflows reached nearly SAR 7.5 billion, down 5% YoY.
|
FDI flows (SAR bln) |
|
||
|
Period |
Inflows |
Outflows |
Net |
|
Q1 2023 |
16.92 |
7.90 |
9.02 |
|
Q2 |
19.43 |
6.80 |
12.63 |
|
Q3 |
16.62 |
5.27 |
11.36 |
|
Q4 |
19.38 |
6.19 |
13.19 |
|
Q1 2024 |
16.97 |
7.50 |
9.47 |
GASTAT defines FDI as investment that reflects a long-term relationship and permanent interest of economic entities located in a non-Saudi economy. This means that the foreign investor, or a group of foreign investors, owns 10% or more of the voting power of shareholders, giving them the ability to control or influence decision-making to serve their interests.
The FDI survey covers all major economic activities according to the National Classification for Economic Activities (ISIC4).
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