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Saudi Arabia’s FDI Hikes 5.6% to $2.5B in Q1 2024

Foreign direct investment (FDI) net flow in Saudi Arabia increased by 5.6% in the first quarter of 2024, reaching $2.5 billion (SAR 9.5 billion), General Authority of Statistics (GASTAT) announced.

FDI inflows rose by 0.6% in Q1 2024, reaching $4.5 billion (SAR 17 billion), according to official data from GASTAT.

The outflows declined by 5.1%, totaling $1.9 billion (SAR 7.5 billion).

Saudi Arabia aspires to capture $100 billion in FDI by 2030 to boost non-oil gross domestic product, according to Reuters.

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