Riyadh - Sharikat Mubasher: Saudi Arabia is rapidly emerging as a prime destination for foreign direct investment (FDI) and a leading economic hub in the Middle East, triggered by Vision 2030 goal of diversifying the national economy

During the second quarter (Q2) of 2024, the net inflow of FDI in Saudi Arabia touched SAR 11.7 billion, marking a 7.5% decline compared to SAR 12.6 billion in Q2-23, recent figures by the General Authority for Statistics (GASTAT) revealed.

The FDI net inflow witnessed a 23.4% increase in Q2-24 compared to SAR 9.5 billion in the previous quarter.

The value of FDI inflows recorded SAR 19.4 billion in Q2-24, showing a slight quarter-on-quarter (QoQ) rise of 14.5% from SAR 17 billion.

On the other side, Saudi Arabia’s FDI outflows registered SAR 7.8 billion in Q2-24, showing a 14% increase compared to the same quarter in 2023.