AI Summary
Saudi Arabia's foreign direct investment (FDI) inflows reached SAR 119 billion in 2024, marking a 24% increase compared to SAR 96 billion in 2023, according to the General Authority for Statistics (GASTAT).
Meanwhile, FDI outflows rose to SAR 39 billion in 2024, compared to SAR 10 billion in 2023.
However, net FDI inflows declined by 6% to SAR 80 billion versus SAR 86 billion in 2023.
|
FDI Flows (SAR bln) |
|||
|
Year |
FDI Inflows |
FDI Outflows |
Net FDI Flows |
|
2004 |
64 |
45 |
19 |
|
2005 |
62 |
46 |
16 |
|
2006 |
85 |
63 |
22 |
|
2007 |
90 |
67 |
23 |
|
2008 |
81 |
60 |
21 |
|
2009 |
6 |
5 |
2 |
|
2010 |
71 |
53 |
18 |
|
2011 |
61 |
43 |
18 |
|
2012 |
83 |
64 |
19 |
|
2013 |
49 |
37 |
13 |
|
2014 |
21 |
15 |
6 |
|
2015 |
59 |
44 |
15 |
|
2016 |
110 |
28 |
82 |
|
2017 |
28 |
24 |
4 |
|
2018 |
70 |
25 |
46 |
|
2019 |
32 |
20 |
12 |
|
2020 |
30 |
24 |
6 |
|
2021* |
122 |
15 |
106 |
|
2022** |
119 |
19 |
100 |
|
2023 |
96 |
10 |
86 |
|
2024 |
119 |
39 |
80 |
* Includes SAR 49 bln Aramco deal
** Includes SAR 55 bln Aramco deal
FDI inflows in 2024 exceeded the National Investment Strategy target of SAR 109 billion by 9%.
In 2023, FDI inflows represented 2.4% of nominal GDP, meeting the target set under the National Investment Strategy.
|
FDI Inflow Targets |
||
|
Year |
Value (SAR bn) |
% of Nominal GDP |
|
2021 |
42 |
1.5% |
|
2022 |
61 |
2.0% |
|
2023 |
83 |
2.4% |
|
2024 |
109 |
2.9% |
|
2025 |
140 |
3.4% |
|
2026 |
176 |
3.8% |
|
2027 |
217 |
4.3% |
|
2028 |
266 |
4.8% |
|
2029 |
323 |
5.2% |
|
2030 |
388 |
5.7% |
FDI grew by 9% in 2024 to reach SAR 977 billion, up from SAR 897 billion in 2023.
|
FDI Balance |
||||
|
Year |
Value (SAR bln) |
YoY Change % |
||
|
2003 |
218 |
-- |
||
|
2004 |
236 |
8% |
||
|
2005 |
252 |
7% |
||
|
2006 |
275 |
9% |
||
|
2007 |
298 |
8% |
||
|
2008 |
319 |
7% |
||
|
2009 |
320 |
0.3% |
||
|
2010 |
339 |
6% |
||
|
2011 |
356 |
5% |
||
|
2012 |
375 |
5% |
||
|
2013 |
388 |
3% |
||
|
2014 |
393 |
1% |
||
|
2015 |
408 |
4% |
||
|
2016 |
496 |
22% |
||
|
2017 |
502 |
1% |
||
|
2018 |
550 |
10% |
||
|
2019 |
559 |
2% |
||
|
2020 |
571 |
2% |
||
|
2021 |
681 |
19% |
||
|
2022 |
791 |
16% |
||
|
2023 |
897 |
13% |
||
|
2024 |
977 |
9% |
||
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