Saudi Arabia .. Foreign direct investment balance increased 13.4 %

 :
The General Authority for Statistics (GaStat) today issued the annual bulletin of foreign direct investment statistics for the year 2023 in the kingdom.

According to the results of the Bulletin, the total stock of foreign direct investment reached (897,347) billion Saudi riyals at the end of 2023, an increase of 13.4% compared to what it was at the end of 2022, which amounted to 791 billion Saudi riyals.

The results revealed that the total inflows of foreign direct investment in the kingdom (95,983) million Saudi riyals in 2023, a decrease of 19% in 2023 compared to 2022, which amounted to 96 billion Saudi riyals in 2023.

The Bulletin reported that the total outflows of foreign direct investment in the Kingdom amounted to (10,470) million Saudi riyals in 2023. A decrease of 44% compared to 2022.

It showed that the net flows of foreign direct investment in the kingdom (513,85) million Saudi riyals in 2023.

Manufacturing activities made the highest contribution to the total foreign direct investment balance at the end of 2023 with a value of Sar 259 billion, with a contribution of 29% of the total balances, followed by wholesale and retail trade and repair of motor vehicles and motorcycles with a total of Sar 135 billion, with a contribution of 15%, followed by financial and insurance activities with a balance of Sar 112 billion, with a contribution of 12%.

It is noteworthy that foreign direct investment is the one that reflects a long-term relationship and permanent interest to economic entities residing in an economy other than the Saudi economy, and this means that the foreign investor owns individually - or what is owned by a group of foreign investors - of 10% or more of the voting power of shareholders ' rights.