Analysis of more than 10,000 companies
As part of the data update process, under the new methodology, the working team made efforts to analyze the data of more than 10,000 foreign companies, from more than 70,000 financial statements, covering the years from 2015 to 2022, and this effort contributed to reaching the updated results using the new methodology as follows:
The balance of foreign direct investment in 2015 amounted to 413 billion riyals, 2016 to 508 billion riyals, 2017 to 514 billion riyals, 2018 to 562 billion riyals, 2019 to 576 billion riyals, 2020 to 585 billion riyals, 2021 to 670 billion riyals, and 2022 to 775 billion riyals.
While FDI inflows in 2015 amounted to 64 billion riyals, 2016 to 111 billion riyals, 2017 to 27 billion riyals, 2018 to 71 billion riyals, 2019 to 32 billion riyals, 2020 to 30 billion riyals, 2021 to 100 billion riyals, and 2022 to 122 billion riyals.
The Kingdom's economy is 16th in the G20
Under the new methodology, the FDI stock reached 775 billion riyals ($207 billion) in 2022, ranking the Kingdom 16th among the G20 economies.
Foreign Direct Investment (FDI) inflows are expected to reach 775 billion riyals ($207 billion) in 2022, ranking the Kingdom 16th among the G20 economies. Under the new methodology, FDI inflows amounted to about 122 billion riyals (33 billion dollars) in 2022, which is double the FDI inflows in 2015, which makes the Kingdom rank 10th among the G20 economies in 2022, and this updated inflow comes as a correction to what was published under the previous methodology, which estimated it at about 30 billion riyals (8 billion dollars).
According to the new methodology, FDI inflows amounted to about 30 billion riyals (8 billion dollars) in 2022.
Creating the best investment environment in the world
. On the occasion of the release of the updated data, H.E. Khalid Al-Falih, Minister of Investment, stated that the Kingdom is committed to creating the best investment environment in the world in all aspects, including working on a transparent and world-class methodology for compiling and calculating FDI statistics.H.E. Al-Falih added <His Excellency added: "Investors are entering the Saudi market with confidence: “Investors enter the Saudi market with confidence, because the Kingdom's economy is the largest in the Middle East and the Arab world, one of the twenty largest in the world, and because the Saudi market is characterized by rapid growth and strategic location, which provides an excellent platform to access active and growing markets throughout the Middle East and beyond.”
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H. “The updated data, published according to the new methodology, along with investor outreach programs and initiatives, will allow us to respond to the changing investment environment and make the necessary adjustments to attract more investors and maintain our relationship with them.”
He continued. Access to high-quality data is essential to track investment performance, which accounted for about 25% of the Kingdom's GDP in 2022 and is expected to reach 30% by 2030.
It is worth noting that access to high-quality data is essential to track investment performance, which accounted for about 25% of the Kingdom's GDP in 2022 and is expected to reach 30% by 2030.
Infographic
Kingdom's economy ranks 16th among G20 countries
Investments account for 25% of GDP in 2022
Expected to rise to 30% by 2030
Investment balance accounts for 25% of GDP in 2022
Foreign Investment Balance 2015 413 billion riyals 2016 508 billion riyals.
2017 AD 514 billion riyals.
2018 562 billion riyals.
2019 576 billion riyals.
2020 SAR 585 billion.
2021 670 billion riyals.
2022 775 billion riyals.
==
Foreign Investment Flows
30 billion riyals in 2020.
Foreign Investment Flows
== 100 billion Riyals in 2021.
== 122 billion Riyals in 2022 ====
