Economy Country October 26, 2024

Significant Surge in Foreign Direct Investment in Saudi Arabia

In 2023, Saudi Arabia recorded a remarkable foreign direct investment inflow of approximately 96 billion riyals, surpassing previous records. This growth highlights the country's increasing attractiveness for global investors.


Significant Surge in Foreign Direct Investment in Saudi Arabia

In 2023, the inflow of foreign direct investments (FDI) into Saudi Arabia amounted to around 96 billion riyals. This indicator significantly surpasses... According to the latest reports: "The inflow of foreign direct investments into Saudi Arabia in 2023 reached 96 billion riyals. This figure significantly exceeds last year’s numbers and indicates the attention that attracts the economy of the kingdom at the global level. The significant growth is explained by the successful implementation of the Vision 2030 strategic reform program, aimed at diversifying the country’s economy and reducing dependence on the oil sector. These results confirm the attractiveness of the investment climate in Saudi Arabia and the confidence of foreign investors in the prospects of the kingdom's economy," noted the representative of the Ministry of Investments.