RIYADH — Net foreign direct investment (FDI) inflows to Saudi Arabia amounted to SR16 billion during Q3 of 2024, an increase of 37% compared to the second quarter of this year, which witnessed net foreign direct investment worth SR11.7 billion. On an annual basis, net foreign direct investment flows into Saudi Arabia declined by 24% during the third quarter of this year, compared to the same quarter last year, which witnessed net flows worth SR21.1 billion. The value of foreign direct investment flows into Saudi Arabia's economy amounted to about SR18 billion during the Q3 of 2024, recording a decrease of 21% compared to the Q3 of 2023, when it amounted to about SR22.6 billion, and on the other hand, it recorded a decrease of 8% compared to the previous quarter of the same year, when it amounted to SR19.4 billion, according to data from the General Authority for Statistics (GASTAT). The value of foreign investment outflows from the Saudi economy amounted to SR2 billion during Q3 of 2024, an increase of 27% compared to the third quarter of 2023, when it amounted to SR1.6 billion, while it recorded a decrease of 74% compared to the previous quarter of the same year when it amounted to SR7.8 billion.
