According to data issued by the General Authority for Statistics in the Kingdom of Saudi Arabia, foreign direct investment inflows into the country amounted to US$5.17 billion, an increase of 17% in the fourth quarter of 2023 compared to the third quarter. Foreign direct investment inflows also increased by 17%. The regional headquarters program in Saudi Arabia has attracted multinational companies such as Google, Microsoft and Amazon to establish their operations in the Kingdom, while companies such as PepsiCo, Bechtel, PricewaterhouseCoopers and IHG Hotels have joined the initiative. Saudi Arabia aims to achieve a foreign direct investment inflow of 388 billion Saudi riyals by 2030, equivalent to 5.7% of GDP.
Foreign direct investment flows to Saudi Arabia reach $5.17 billion
