Foreign Investments in Saudi Arabia Reach SAR 2.51 Trillion, Showing Steady Growth

Riyadh - According to data released by the Saudi Central Bank (SAMA), foreign investments in Saudi Arabia witnessed a year-on-year (YoY) increase of 4% to reach SAR 2.51 trillion by the end of Q3 2023. The figures also revealed a quarter-on-quarter (QoQ) growth of 1%, equivalent to nearly SAR 15.8 billion.

Foreign direct investments (FDIs) accounted for a significant portion, representing 41% or SAR 1.03 trillion, of the total investment balance. This demonstrates continued confidence from international investors in the Kingdom's economy and business environment.

Portfolio investments, which include equity, investment funds, and debt bonds, reached SAR 919.8 billion during this period. These types of investments play an essential role in diversifying portfolios and contributing to overall economic growth.

Additionally, other forms of foreign investments amounted to SAR 566.4 billion during Q3 2023.

The steady growth in foreign investments reflects Saudi Arabia's ongoing efforts to attract international capital and promote economic diversification as part of its Vision2030 initiative.

The Kingdom has implemented various reforms and policies aimed at creating an investor-friendly environment while ensuring transparency and stability within its financial markets.

These positive results indicate that global investors continue to recognize the potential opportunities offered by Saudi Arabia's robust economy and strategic location at the crossroads between Asia, Europe, and Africa.

As foreign investments continue to flow into various sectors across the country, it is expected that this trend will contribute significantly towards achieving long-term sustainable development goals outlined by Vision2030.