Saudi Arabia's FDI reaches SAR 119B in 2024

Riyadh city

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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