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Net foreign direct investment (FDI) in Saudi Arabia declined in Q2 2024 by 8% year-on-year (YoY) to SAR 11.7 billion, according to the latest report by the General Authority for Statistics (GASTAT).
On a quarterly basis, net FDI surged by 23% compared to Q1 2024.
FDI inflows amounted to SAR 19.44 billion by the end of Q2 2024, up by 0.1% YoY. Meanwhile, FDI outflows reached nearly SAR 7.76 billion, a rise of 14% 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 |
|
Q2 |
19.44 |
7.76 |
11.68 |
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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