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Saudi Arabia Recorded 7.5% Decline in Foreign Direct Investment in 2Q

admin-augaf by admin-augaf
October 2, 2024
in Business, Finance, International, News
Reading Time: 1 min read
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Saudi Wealth Fund Starts New Airline Headed by Former Etihad CEO

Visitors walks past the General Electric Co. GE90 jet engine of a Boeing Co. 777-368(ER) aircraft, operated by Saudi Arabian Airlines, on static display at the Saudi Air Show at Al Thumamah airport in Riyadh, Saudi Arabia, on Tuesday, March 12, 2019.

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Riyadh October 2 2024: The net inflow of foreign direct investment (FDI) in the Kingdom amounted to 11.7 billion SAR during the second quarter of 2024, it recorded a decrease of 7.5% compared to the second quarter of 2023, which recorded 12.6 billion SAR.

While it achieved a growth of 23.4% compared to the first quarter of 2024, which recorded 9.5 billion SAR.

The volume of inflows amounted to about 19.4 billion SAR during the second quarter of 2024 the increase was slight compared to the second quarter of 2023 which was approximately 19.4 billion SAR. It achieved a growth of 14.5% compared to the first quarter of 2024, which recorded 17 billion SAR.

The volume of outflows amounted to about 7.8 billion SAR during the second quarter of 2024 It achieved a growth of 14.1% compared to the second quarter of 2023, where the volume of outflows reached 6.8 billion SAR. While it recorded an increase of 3.4% compared to the first quarter of 2024, which recorded 7.5 billion SAR.

Tags: FDISaudi Arabia
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