KSA Issues Updated Statistics of FDI

The Kingdom of Saudi Arabia (KSA) has updated its foreign direct investment (FDI) statistics today.
This new approach, recognized by the International Monetary Fund (IMF) and praised by UNCTAD, depends on analyzing financial statements to achieve accurate annual statistics.
The Ministry of Investment unveiled these figures, marking a significant shift from prior estimation-based methods to a more accurate, financial statement analysis approach.
Collaborative Efforts for Accurate Data
After an 18-month collaborative effort from the Ministry of Investment, the General Authority for Statistics, and the Saudi Central Bank, the new approach was launched.
As a part of updating the data, the team exerted efforts to analyze the data of more than 10000 companies out of 70000 financial statements.
Significant Growth in FDI
The updated statistics reveal a consistent rise in KSA’s foreign direct investment since the launch of “Vision 2030,” despite the pandemic. The FDI stock reached SAR 775 billion in 2022, positioning KSA 16th among G20 economies.
The revised methodology reports 2022’s FDI flows at SAR 122 billion, doubling the amount from 2015. This update elevates KSA to the 10th position among G20 nations economies.
Commitment to Transparency
Khalid bin Abdulaziz Al-Falih, Minister of Investment, emphasizes KSA’s dedication to fostering an optimal investment environment. The Kingdom prioritizes transparency and global standards in reporting FDI statistics.
The fresh series of FDI statistics will be accessible on the General Authority for Statistics’ website by year’s end. This release will further aid investors in identifying promising opportunities within the Kingdom’s economy.
Related Topics
Saudi Public Investment Fund’s Strategic Move into Chinese EV Market
Saudi Arabia Expands Its Investment in Air Dome
Taif Investment Forum to Start on Sunday