Saudi Arabia’s foreign direct investment (FDI) inflows reached SAR 119 billion in 2024, marking a 24% increase compared to SAR 96 billion in 2023, according to the General Authority for Statistics (GASTAT). 
Meanwhile, FDI outflows rose to SAR 39 billion in 2024, compared to SAR 10 billion in 2023.
However, net FDI inflows declined by 6% to SAR 80 billion versus SAR 86 billion in 2023.
FDI Flows (SAR bln)
Year
FDI Inflows
FDI Outflows
Net FDI Flows
2004
64
45
19
2005
62
46
16
2006
85
63
22
2007
90
67
23
2008
81
60
21
2009
6
5
2
2010
71
53
18
2011
61
43
18
2012
83
64
19
2013
49
37
13
2014
21
15
6
2015
59
44
15
2016
110
28
82
2017
28
24
4
2018
70
25
46
2019
32
20
12
2020
30
24
6
2021*
122
15
106
2022**
119
19
100
2023
96
10
86
2024
119
39
80
* Includes SAR 49 bln Aramco deal
** Includes SAR 55 bln Aramco deal
FDI inflows in 2024 exceeded the National Investment Strategy target of SAR 109 billion by 9%.
In 2023, FDI inflows represented 2.4% of nominal GDP, meeting the target set under the National Investment Strategy.
FDI Inflow Targets
Year
Value (SAR bn)
% of Nominal GDP
2021
42
1.5%
2022
61
2.0%
2023
83
2.4%
2024
109
2.9%
2025
140
3.4%
2026
176
3.8%
2027
217
4.3%
2028
266
4.8%
2029
323
5.2%
2030
388
5.7%
FDI grew by 9% in 2024 to reach SAR 977 billion, up from SAR 897 billion in 2023.
FDI Balance
Year
Value (SAR bln)
YoY Change %
2003
218
—
2004
236
8%
2005
252
7%
2006
275
9%
2007
298
8%
2008
319
7%
2009
320
0.3%
2010
339
6%
2011
356
5%
2012
375
5%
2013
388
3%
2014
393
1%
2015
408
4%
2016
496
22%
2017
502
1%
2018
550
10%
2019
559
2%
2020
571
2%
2021
681
19%
2022
791
16%
2023
897
13%
2024
977
9%
Saudi Arabia’s foreign direct investment (FDI) inflows reached SAR 119 billion in 2024, marking a 24% increase compared to SAR 96 billion in 2023, according to the General Authority for Statistics (GASTAT).
Meanwhile, FDI outflows rose to SAR 39 billion in 2024, compared to SAR 10 billion in 2023.
However, net FDI inflows declined by 6% to SAR 80 billion versus SAR 86 billion in 2023.
FDI Flows (SAR bln)
Year
FDI Inflows
FDI Outflows
Net FDI Flows
2004
64
45
19
2005
62
46
16
2006
85
63
22
2007
90
67
23
2008
81
60
21
2009
6
5
2
2010
71
53
18
2011
61
43
18
2012
83
64
19
2013
49
37
13
2014
21
15
6
2015
59
44
15
2016
110
28
82
2017
28
24
4
2018
70
25
46
2019
32
20
12
2020
30
24
6
2021*
122
15
106
2022**
119
19
100
2023
96
10
86
2024
119
39
80
* Includes SAR 49 bln Aramco deal
** Includes SAR 55 bln Aramco deal
FDI inflows in 2024 exceeded the National Investment Strategy target of SAR 109 billion by 9%.
In 2023, FDI inflows represented 2.4% of nominal GDP, meeting the target set under the National Investment Strategy.
FDI Inflow Targets
Year
Value (SAR bn)
% of Nominal GDP
2021
42
1.5%
2022
61
2.0%
2023
83
2.4%
2024
109
2.9%
2025
140
3.4%
2026
176
3.8%
2027
217
4.3%
2028
266
4.8%
2029
323
5.2%
2030
388
5.7%
FDI grew by 9% in 2024 to reach SAR 977 billion, up from SAR 897 billion in 2023.
FDI Balance
Year
Value (SAR bln)
YoY Change %
2003
218
—
2004
236
8%
2005
252
7%
2006
275
9%
2007
298
8%
2008
319
7%
2009
320
0.3%
2010
339
6%
2011
356
5%
2012
375
5%
2013
388
3%
2014
393
1%
2015
408
4%
2016
496
22%
2017
502
1%
2018
550
10%
2019
559
2%
2020
571
2%
2021
681
19%
2022
791
16%
2023
897
13%
2024
977
9%
