According to the results of the bulletin, the total balance of foreign direct investment in Saudi Arabia reached about 897.347 billion Saudi riyals at the end of the year 2023 AD, an increase of 13.4% compared to what it was at the end of the year 2022 AD, which amounted to 791 billion Saudi riyals.
The results revealed that the total inflows of foreign direct investment in Saudi Arabia amounted to 95.983 million Saudi riyals in 2023, a decrease of 19% compared to 2022, which amounted to 96 billion Saudi riyals.
It reported that the total outflow of foreign direct investment in Saudi Arabia would reach about 10,470 million Saudi riyals in 2023, a decrease of 44% compared to 2022.
It showed that net foreign direct investment flows in Saudi Arabia amounted to about 513.85 million Saudi riyals in 2023.
According to the bulletin, manufacturing activities achieved the highest contribution to the total balance of foreign direct investment at the end of 2023, with a value of 259 billion Saudi riyals, with a contribution rate of 29% of the total balances.
Followed by wholesale and retail trade and repair of motor vehicles and motorcycles, with a total amounting to 135 billion Saudi riyals, with a contribution rate of 15%, then financial and insurance activities, with a balance amounting to 112 billion Saudi riyals, with a contribution rate of 12%.
It is noteworthy that foreign direct investment reflects a long-term relationship and permanent interest in economic entities residing in an economy other than the Saudi economy, and this means that the foreign investor individually – or what a group of foreign investors owns – owns 10% or more of the voting power of shareholders’ rights. .
Source: SPA
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