The General Authority for Statistics in Saudi Arabia disclosed a significant 16% rise in net Foreign Direct Investment (FDI) flows for the fourth quarter of 2023. This robust growth translates to a monetary increase of over SAR13 billion, signaling a strong investor confidence in the Kingdom’s economic prospects.
During the same quarter, total FDI injected into Saudi Arabia’s economy reached approximately SAR19 billion. This marked a substantial 16.6% increment from the third quarter’s figures, equivalent to around SAR16 billion.
The report also highlighted that FDI outflows from the country experienced an uptick. The outflows climbed to about SAR6 billion, representing a 17.6% increase when juxtaposed with the previous quarter.