The General Authority for Statistics released today the annual FDI statistics bulletin for the year 2022 in the Kingdom, in addition to the third quarter 2023 bulletin, the first time the Authority published these indicators after adopting the methodology for calculating it last October.
This is the first time the Authority has published these indicators.
Foreign Investment Balance in the Kingdom
According to the results of the bulletin, the total balance of foreign direct investment in the Kingdom reached SAR 762 billion at the end of 2022, the total inflows of foreign direct investment in the Kingdom amounted to SAR 123 billion, the total outflows of foreign direct investment in the Kingdom amounted to SAR 17 billion, and the net inflows of foreign direct investment in the Kingdom amounted to SAR 105 billion.
According to the results of the bulletin, the total balance of foreign direct investment in the Kingdom reached SAR 762 billion at the end of 2022. In the same context, the Authority published FDI statistics for the third quarter of 2023, indicating that the total inflows of FDI in the Kingdom amounted to SAR 17 billion, the total outflows of FDI in the Kingdom amounted to SAR 5 billion, while the net inflows of FDI in the Kingdom amounted to SAR 11 billion.
In the same context, the Authority published FDI statistics for the third quarter of 2023. On this occasion, Dr. Fahad bin Abdullah Al-Dosari, President of the General Authority for Statistics, stressed that the Kingdom's announcement of FDI for the first time adds a new global benchmark in improving the quality and transparency of FDI statistics methodology by providing world-leading levels of transparency and governance.
Publicizing the best investment opportunities in the Kingdom
He pointed out the joint efforts with the International Monetary Fund in this project and the integration of roles between the Central Bank and the Ministry of Investment to reach the methodology adopted by the Authority to calculate the index, indicating that it will enable investors to make investment decisions based on reliable results that contribute to supporting decision makers and policy makers, enabling them to design investment policies in a way that supports attracting more foreign investments and familiarizing investors with the best investment opportunities in the Kingdom.Referred to the methodology adopted by the Authority to calculate the index. The new methodology was adopted after harmonization with the International Monetary Fund (IMF) in the new methodology, confirmation by the United Nations Conference on Trade and Development (UNCTAD) to apply international best practices and standards in accordance with the IMF's Balance of Payments Manual, and the World Bank's support for the recommendations made by the IMF in its recent report on the Kingdom that forms the basis of the new methodology.
The new methodology will contribute to supporting decision makers and policy makers, enabling them to design investment policies that support attracting more foreign investments and informing investors of the best investment opportunities in the Kingdom. The new methodology will contribute to enhancing the levels of governance and improving the quality of transparency of data and statistical information for FDI calculation indicators as an investment destination in the Kingdom.
The new methodology will contribute to enhancing the levels of governance and improving the quality of transparency of data and statistical information for FDI calculation indicators as an investment destination. The FDI Index includes about 19 new indicators as part of the new methodology approved by the IMF, including FDI stocks and flows by economic activity, investor countries, and regions of the Kingdom for the period from 2007 to 2022.
The FDI Index includes about 19 new indicators as part of the new methodology approved by the IMF.
