Reported 3 days ago
Saudi Arabia experienced an 8% drop in foreign direct investment (FDI) inflows in Q3 2024, totaling 18 billion riyals ($4.8 billion), leading to concerns about meeting its ambitious target of $29 billion for the year. With inflows at only $14.5 billion for the first nine months, the kingdom aims to significantly increase FDI to $100 billion by 2030 as part of its economic diversification strategy. Despite recent optimism following announcements at the Future Investment Initiative, the country is grappling with low oil prices and a current account deficit.
Source: YAHOO