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The outcomes, launched by the Ministry of Funding, underscore the effectiveness of Imaginative and prescient 2030 packages and the Nationwide Funding Technique, launched in 2021 by Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister.
For the fourth 12 months in a row, the technique’s efficiency indicators surpassed expectations, masking Gross Fastened Capital Formation (GFCF), FDI, and the relocation of worldwide firms’ regional headquarters to the Kingdom.
- Gross Fastened Capital Formation exceeded SR1.3tn ($347bn) in 2024, surpassing its goal by 38 per cent, with private-sector funding accounting for 76 per cent of the full
- Annual FDI inflows have risen greater than fourfold since 2017, climbing from SR28.1bn ($7.5bn) to right this moment’s ranges
- Cumulative FDI inventory practically doubled to SR977.3bn ($260.5bn) in 2024, in comparison with SR501.8bn ($133.8bn) in 2017
- Greater than 50,000 overseas funding licences have been issued throughout various sectors
- The variety of multinational corporations relocating their regional headquarters to the Kingdom reached 660 by 2024
Saudi investments
Khalid Al Falih, Minister of Funding, mentioned: “The outcomes of overseas direct funding in 2024 come amid world financial challenges and a slowdown in worldwide flows.
“This success demonstrates the Kingdom’s means to navigate financial and funding challenges via an formidable imaginative and prescient aimed toward diversifying the economic system, fostering a sexy funding atmosphere, and creating high-quality alternatives.”
Al Falih added that for the primary time, non-oil FDI flows represented round 90 per cent of complete inflows in 2024, with non-oil FDI in non-oil GDP reaching 4.2 per cent in Saudi Arabia.
He added: “Due to the Kingdom’s financial energy and impressive imaginative and prescient, overseas funding is anticipated to proceed flowing into the Saudi market, pushed by distinctive alternatives and the Kingdom’s strategic location as a gateway to the broader Center East”.
The Ministry confirmed that the outcomes had been compiled utilizing methodology aligned with the IMF’s Stability of Funds Guide and Worldwide Funding Place Guide, making certain consistency with main world practices.
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