{"id":83034,"date":"2024-02-04T00:00:00","date_gmt":"2024-02-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/04\/followup-how-the-govt-is-now-calculating-fdi\/"},"modified":"2024-02-04T00:00:00","modified_gmt":"2024-02-04T00:00:00","slug":"followup-how-the-govt-is-now-calculating-fdi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/02\/04\/followup-how-the-govt-is-now-calculating-fdi\/","title":{"rendered":"Followup: How the gov\u2019t is now calculating FDI"},"content":{"rendered":"

We have more color on how the the Kingdom is tracking foreign direct investment data. <\/strong><\/p>\n

The news: <\/strong>The General Authority for Statistics (Gastat) last week said that net FDI inflows dropped<\/a> 10% q-o-q in 3Q 2023 to SAR 11 bn. Total FDI inflows fell 14.4% q-o-q in Q3, while total outflows of FDI were down 22.5% q-o-q to SAR 5 bn.<\/p>\n

Why it matters<\/strong>: <\/strong>It was the first time Gastat released FDI numbers since it moved to a new methodology for FDI calculation back in October. The approach, approved by the IMF, takes into account the standards of the Washington-based lender\u2019s balance of payments manual. <\/p>\n

The change: <\/strong>The new FDI calculation system uses data gathered directly from the financial statements of companies and investors to calculate FDI, Deputy Investment Minister for Economic Affairs Saad Al Shahrani told Reuters<\/a> in an interview last week. The old system was based largely on estimates by SAMA, which Al Shahrani said only accounted for FDI inflows and led to a 25% overvaluation of cumulative FDI stock.<\/p>\n

How the new methodology works:<\/strong> \u201cBy the end of each year we will align actual numbers from financial statements and the estimates by Gastat based on surveys and try to compile the final numbers,\u201d Al Shahrani said. \u201cWe looked at more than 100k financial statements for the last 10 years.... then we were shocked about the details that we gained,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Old method overestimated overvalued cumulative FDI stock by as much as 25%<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[10,110,210,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83034","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-enterpriseam-ksa","tag-foreign-direct-investment","tag-gastat","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"1ea06c89-c34b-44ff-9950-09ff7e3065ac","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Followup: How the gov\u2019t is now calculating FDI","related_issue":[83022],"teaser":"Old method overestimated overvalued cumulative FDI stock by as much as 25%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.6b933b1f-9399-4ad2-8a2f-aca81a3cdae8.mp3"},"yoast_head":"\nFollowup: How the gov\u2019t is now calculating FDI - 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