Saudi Arabia Attracts SAR 119 Billion in FDI in 2024

Riyadh – BETH | September 4, 2025
The Ministry of Investment announced that the Kingdom attracted SAR 119.2 billion in foreign direct investment (FDI) in 2024, achieving a 24% growth compared to 2023, and surpassing the target by 39%.

Record Figures

Total gross fixed capital formation (local investment) exceeded SAR 1.3 trillion, surpassing the target by 38%.

FDI inflows have quadrupled since 2017 (from SAR 28 billion to SAR 119.2 billion).

Cumulative FDI stock reached SAR 977 billion in 2024.

More than 50,000 investment licenses were issued, including 660 regional headquarters for global companies.

Key Sectors

According to the Ministry’s post on X, manufacturing and trade were the most active sectors in attracting FDI in 2024.

Minister’s Remarks

Minister of Investment, Eng. Khalid Al-Falih, stressed that the results reflect the Kingdom’s ability to overcome global economic challenges, noting that:

90% of FDI inflows were non-oil, representing 4.2% of the non-oil GDP.

Saudi Arabia is poised for a new phase of investment growth, leveraging its strategic location and strong regulatory framework.

Geography & Sources

Riyadh ranked first in FDI inflows.

Eastern Province topped in cumulative FDI stock.

10 countries accounted for 72% of total FDI inflows, led by the UAE.

BETH – Analysis

These results not only demonstrate the effectiveness of Saudi Arabia’s Vision 2030 reforms but also highlight a transformational shift, positioning the Kingdom as a global investment hub, combining economic diversification with regional leadership.