Saudi Arabia’s FDI Reforms: Navigating Challenges for Long-Term Growth
"Saudi Arabia's FDI Reforms: Navigating Challenges for Long-Term Growth"
Saudi Arabia remains committed to its reform agenda, with a primary focus on strengthening foreign direct investment (FDI) and diversifying investment strategies, even in the face of a recent slowdown in its financial account, according to reports from the Saudi Central Bank and the Ministry of Finance.
In the second quarter of 2023, FDI inflows saw a 21% decline compared to the same period last year, totaling SR6.2 billion ($1.65 billion). FDI outflows, representing capital invested abroad by Saudi entities, experienced a 53% decrease, reaching SR18.34 billion.
Despite these figures, Albara’a Al-Wazir, an economist at the US-Saudi Business Council, pointed out that the Ministry of Investment issued 1,819 inves...








