{"id":90859,"date":"2024-10-24T00:00:00","date_gmt":"2024-10-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/24\/fdi-declines-14-7-y-o-y-in-2023\/"},"modified":"2024-10-24T00:00:00","modified_gmt":"2024-10-24T00:00:00","slug":"fdi-declines-14-7-y-o-y-in-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/10\/24\/fdi-declines-14-7-y-o-y-in-2023\/","title":{"rendered":"FDI declines 14.7% y-o-y in 2023"},"content":{"rendered":"

Foreign direct investment (FDI) net inflows declined to SAR 85.5 bn in 2023<\/strong>, down from SAR 100.2 bn in the previous year, according to an Investment Ministry bulletin (pdf)<\/a>. The Kingdom is looking to attract SAR 388 bn of FDI inflows by 2030 (5.7% of GDP), according to a separate ministry report (pdf)<\/a>.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Investments worth SAR 32.1 bn went into the manufacturing sector in 2023<\/strong>, followed by the financial and ins. sector (SAR 14.7 bn), and the construction sector (SAR 10.9 bn). The financial and ins. sector attracted the most investments in 2022.<\/p>\n

Riyadh attracted the largest share of the Kingdom\u2019s net FDI<\/strong>, locking in SAR 28 bn last year, followed by the Eastern Region (SAR 24.6 bn), and Al Madinah (SAR 22.5 bn). The Eastern Region attracted the highest net FDI in the previous year. <\/p>\n

Emirati investors contributed the lion\u2019s share to the Kingdom\u2019s net FDI last year<\/strong>, with investments valued at SAR 16 bn. This was followed by French investors at SAR 10.9 bn, and the English investors at SAR 6.4 bn. UAE investors have been the biggest contributor to Saudi Arabia\u2019s net FDI on record since the ministry began releasing annual FDI figures in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"

The manufacturing sector contributed the lion\u2019s share to net FDI last year<\/p>\n","protected":false},"author":1,"featured_media":90860,"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":[2571],"tags":[27,10,3060,466],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam-ksa","tag-foreign-direct-investment-fdi","tag-investment-ministry","wpautop","entry"],"acf":{"mongo_id":"da29d413-50b8-484f-be00-779e890b29ea","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2158.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Arabia\u2019s foreign direct investment declined 14.7% y-o-y in 2023","related_issue":[90852],"teaser":"The manufacturing sector contributed the lion\u2019s share to net FDI last year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.8a168607-22d1-47b7-8f13-b87a0bd24064.mp3"},"yoast_head":"\nFDI declines 14.7% y-o-y in 2023 - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/24\/fdi-declines-14-7-y-o-y-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FDI declines 14.7% y-o-y in 2023\" \/>\n<meta property=\"og:description\" content=\"The manufacturing sector contributed the lion\u2019s share to net FDI last year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/24\/fdi-declines-14-7-y-o-y-in-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2158.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/24\/fdi-declines-14-7-y-o-y-in-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/24\/fdi-declines-14-7-y-o-y-in-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FDI declines 14.7% y-o-y in 2023\",\"datePublished\":\"2024-10-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/24\/fdi-declines-14-7-y-o-y-in-2023\/\"},\"wordCount\":209,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/24\/fdi-declines-14-7-y-o-y-in-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2158.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ECONOMY\",\"EnterpriseAM KSA\",\"Foreign Direct Investment (FDI)\",\"Investment Ministry\"],\"articleSection\":[\"ECONOMY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/24\/fdi-declines-14-7-y-o-y-in-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/10\/24\/fdi-declines-14-7-y-o-y-in-2023\/\",\"name\":\"FDI declines 14.7% y-o-y in 2023 - 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