📌 Key Highlights & Quick Takeaways:
- Saudi Arabia recorded a 33.5 percent increase in foreign direct investment last year. The volume of investment reached about 159 billion Ria.
- According to the SPA, the increase in foreign direct investment is a reflection of the increasing attractiveness of the Saudi economy to for.
- With the increase in investment, the total volume of foreign direct investment in the kingdom also increased by 8.2 percent to 1059 billion.
Saudi Arabia recorded a 33.5 percent increase in foreign direct investment last year. The volume of investment reached about 159 billion Rials.
According to the SPA, the increase in foreign direct investment is a reflection of the increasing attractiveness of the Saudi economy to foreign investors and its continued progress towards the Vision 2030 goals.
Its importance can be estimated from the data of the year 2017. During this period, the annual inflow of foreign direct investment has increased 5 times while the total volume of investment has also doubled.
Thus, the average compound growth rate of annual investment inflows was 24 percent while the overall investment growth rate was 10 percent, which reflects the major changes in the Saudi economy over the past years.
