All 6 lines of Riyadh Metro will be operational with rollout of Orange Line on Sunday    Civil Defense urges caution amid forecast of thunderstorms    Saudi Security forces arrest 19,541 illegals in a week    Jeddah airport sets new record with serving over 49 million passengers in 2024    Over 1700 suspects arrested in 2024 as Saudi Arabia continues war on corruption    Bloomberg: Saudi oil exports rise to highest level, reaching 6.33 million bpd, in 9 months    Biden administration approves $8 billion arms package for Israel    Damascus International Airport to resume international flights after over a decade    Israeli airstrikes kill at least 30 Palestinians, leave 14 missing in Gaza    Russian plane makes emergency landing in Egypt    AC Milan beats Juventus 2-1 to reach Supercoppa final against Inter    NMC forecast: Moderate to heavy rain to hit most Saudi regions until Wednesday    Ronaldo eyes AFC Champions League glory with Al Nassr    Inter Milan advances to Italian Super Cup final with 2-0 victory over Atalanta in Riyadh    Meghan announces new Netflix lifestyle show    Al-Nassr sells Seko Fofana to Rennes after loan stint at Al-Ettifaq    Saudi Arabia secures $2.5 billion Shariah-compliant revolving credit facility    SFDA warns against using SHTINE bottled water due to high bromate levels    Angelina Jolie and Brad Pitt reach divorce deal    Philip Morris leverages tech, innovation for smoke-free world    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



FDI inflow to Saudi Arabia jumps 20% to SR762 billion during 2022
The Saudi Gazette Published in The Saudi Gazette on 31 - 01 - 2024

RIYADH —The balance of foreign direct investment (FDI) in Saudi Arabia jumped to SR762 billion ($203.2 billion) by the end of 2022, compared to 2021 when it reached SR659 billion ($175.7 billion).
The Annual Foreign Direct Investment for 2022 data, released by the General Authority for Statistics (GASTAT), showed that the inflow of foreign direct investment to the Saudi economy recorded a growth of about 20 percent during the year 2022, reaching SR123 billion ($32.8 billion), compared to 2021.
The outflows of foreign direct investment for companies residing in the Saudi economy recorded a growth rate of 12 percent, reaching SR17 billion ($4.5 billion) compared to 2021. Saudi Arabia has achieved significant growth in net foreign direct investment flows during the year 2022, reaching SR105 billion ($28 billion) in 2022, compared to SR87 billion ($23.2 billion) in 2021.
Transformative industries recorded the highest contribution to the total FDI balance by the end of 2022, with a value of SR239 billion ($63.7 billion), with a contribution of 31 percent of the total balances.
In a related context, the "Foreign Direct Investment for the Third Quarter of 2023" data revealed that the value of net foreign direct investment flows in the Kingdom amounted to SR11 billion ($2.9 billion), a decrease of 10 percent, during the third quarter of 2023, compared to the second quarter of the same year, when it amounted to about SR13 billion ($3.4 billion), an increase of 26 percent, compared to the first quarter of 2023, when it accounted for SR9 billion ($2.4 billion).
The value of foreign investment flows, out of the Kingdom's economy, during the third quarter of 2022 amounted to about SR5 billion ($1.33 billion), a decrease of 22.5 percent, compared to the second quarter of the same year, which amounted to SR7 billion ($1.8 billion).
The value of foreign direct investment flows, into the Kingdom's economy, decreased by 14.4 percent, with a value of about SR17 billion ($4.5 billion), during the third quarter of 2023, compared to the second quarter of the same year, which amounted to about SR19 billion ($5.06 billion).

Clic here to read the story from its source.