Sharp Fall in Saudi FDI Inflows in Q2

Saudi Arabia recorded second-quarter foreign direct investment flows down 85% year on year, an investment ministry report showed.

The FDI inflows were at SR7.9 billion (US$2.1 billion) in the second quarter, compared with about SR51.9 billion (US$13.8 billion) in the same period last year.

With the exclusion of the closing of state-owned Saudi Aramco’s initial public offereing deal in the second quarter of 2021, the Kingdom’s foreign direct investment grew 46.5% year on year.