Saudi FDI Inflows Signal Momentum in Push For Foreign Cash

Saudi Arabia saw its strongest start to a year for foreign direct investment since 2022, in an early signal the kingdom is gaining some traction in its push to attract overseas capital to support its economic ambitions.

FDI inflows amounted to $6.4 billion in the first quarter, according to preliminary data released on Sunday by the General Authority for Statistics. That’s up 24% from a year earlier and down only slightly from the prior quarter, when inflows reached a one-year high.