AI Summary
Logo of Ministry of Investment
Net foreign direct investments (FDIs) in Saudi Arabia grew by around 10% year-on-year (YoY) to SAR 8.1 billion in Q1 2023, hitting their highest levels since Q2 2021 when Saudi Aramco’s infrastructure deal was concluded, as per the latest data issued by the Saudi Central Bank (SAMA).
The FDIs balance amounted to SAR 1.01 billion by the end of the first quarter, up by nearly 1% compared to Q4 2022. This indicated confidence of foreign investors in the Kingdom’s investment environment.
The number of Investment licenses issued by the Ministry of Investment stood at about 1,637 in the first quarter of 2023, reflecting a more than 30% growth rate.
|
Q1 2023 Investment Indicators |
|
|
Index |
Details |
|
Net FDI inflows (SAR bln) |
8.1 |
|
Growth rate of net FDIs inflows (Annually) |
+10% |
|
Total nominal fixed capital formation (SAR bln) |
294.4 |
|
Nominal fixed capital formation growth rate (Annually) |
+22% |
|
Balance of FDIs (SAR bln) |
1016.7 |
|
FDIs balance growth rate (Quarterly) |
+1% |
|
Number of issued investment licenses* |
1637 |
|
Growth rate of issued investment licenses* |
+30% |
The following table illustrates FDIs in the Kingdom since Q1 2021:
|
FDIs Direct Investments in Saudi Arabia* |
||
|
Period |
Value (SAR bln) |
YoY Change |
|
Q1 2021 |
6.7 |
+ 11 % |
|
Q2** |
51.9 |
-- |
|
Q3 |
6.5 |
+ 59 % |
|
Q4 |
7.2 |
+ 3 % |
|
Q1 2022 |
7.4 |
+ 10 % |
|
Q2 |
7.9 |
(85 %) |
|
Q3 |
7.1 |
+ 11 % |
|
Q4 |
7.2 |
(0.4 %) |
|
Q1 2023 |
8.1 |
+ 10 % |
** SAR 46.5 bln FDI inflows on Saudi Aramco deal
Be the first to comment
Comments Analysis: