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Net foreign direct investments (FDIs) in Saudi Arabia fell by around 10% quarter-on-quarter (QoQ) to SAR 11 billion in Q3 2023, according to the latest report by the General Authority for Statistics (GASTAT).
FDI inflows amounted to SAR 17 billion by the end of Q3 2023, down by 14.4% compared to Q2 2023. The value of foreign investment outflows reached nearly SAR 5 billion, a decline of 22.5% quarter-on-quarter (QoQ).
|
FDIs flows (SAR bln) |
|
||
|
Period |
Inflows |
Outflows |
Net |
|
Q1 2023 |
16.92 |
7.90 |
9.02 |
|
Q2 |
19.43 |
6.80 |
12.63 |
|
Q3 |
16.62 |
5.27 |
11.36 |
GASTAT defines FDI as the investment that reflects a long-term relationship and permanent interest of economic entities residing in an economy other than the Saudi economy. This means that the foreign investor individually, or a group of foreign investors, owns 10% or more of the voting power of the shareholders, enabling them to control or influence the decision-making process to serve their interests. Such process is called FDIs.
FDI survey covers all major economic activities according to the national classification of economic activities ISIC4.
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