Saudi Arabia’s net FDI up 26%: GASTAT

Saudi Arabia is aiming to attract $100 billion in FDI a year by 2030. Getty
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Updated 01 May 2025
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Saudi Arabia’s net FDI up 26%: GASTAT

RIYADH: Net foreign direct investment into Saudi Arabia reached SR22.1 billion ($5.89 billion) in the fourth quarter of 2024, representing a rise of 26 percent compared to the previous three months, newly released official data showed. 

According to the General Authority for Statistics, this figure was the highest level across the year, surpassing the SR15.5 billion seen in the first three months of 2024, the SR19 billion recorded in the second quarter, and the SR17.5 billion witnessed in the third.

Saudi Arabia is aiming to attract $100 billion in FDI a year by the end of this decade as it seeks to make significant strides in diversifying its economy and reducing its decades-long dependence on crude revenues.

When it came to inflows, GASTAT revealed SR23.8 billion was recieved in the final three months of 2024, marking a 17 percent rise from the third quarter. 

The value of FDI outflows stood at SR1.8 billion during the fourth quarter, marking a decrease of 39 percent compared to the previous three months. 

Comparison with 2023

The total net value of FDI in the fourth quarter was down 13 percent compared to the same period of 2023, where the figure stood at SR25.5 billion.

Compared to the final quarter of 2023, the value of inflows declined by 11 percent in the last three months of 2024. 

GASTAT added that the value of outflows registered a growth rate of 20 percent compared to the same period of 2023. 

Saudi Arabia’s FDI ambitions gain momentum

The latest figures come after Saudi Arabia rose to 13th place in Kearney’s 2025 Foreign Direct Investment Confidence Index, published in April. 

This is up one spot from last year and also means the Kingdom retained its position as the third-most attractive emerging market, signaling continued global confidence in its transformation strategy.

Kearney said that the advancement of Saudi Arabia in the ranking reflects the nation’s bold, reform-driven approach to building an internationally competitive, future-ready economy. 

In October, the Kingdom also approved an updated investment law to enhance FDI flows, with the Ministry of Investment stating that it would boost transparency and simplify the investment process.

The rule also promises enhanced protections for investors, including adherence to the rule of law, fair treatment, and property rights, alongside robust safeguards for intellectual property and seamless fund transfers. 


Saudi Arabia sets first-ever rules for beach operators on Red Sea coast 

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Saudi Arabia sets first-ever rules for beach operators on Red Sea coast 

RIYADH: Saudi Arabia’s Red Sea tourism regulator has issued its first set of beach operating rules, laying out licensing, safety and environmental standards as the Kingdom moves to commercialize its coastline. 

The Saudi Red Sea Authority said the new Beach Operators’ Requirements and Conditions establish a regulatory framework for beach operations, covering areas such as security, public health, environmental protection and infrastructure standards. 

The rules are intended to support investment in coastal tourism while ensuring compliance with sustainability and safety benchmarks, as Saudi Arabia expands leisure and hospitality offerings along its western coast as part of Vision 2030. 

The move builds on earlier efforts to position coastal tourism as a key economic pillar. In 2024, the authority and the Ministry of Investment released an “Invest in Coastal Tourism” report that identified the Red Sea coastline as central to Vision 2030 plans, including a target of attracting 19 million visitors. 

In a release, the authority stated: “These requirements serve as a comprehensive operational and regulatory framework for issuing beach operation licenses. They define conditions related to security, safety, public health, and environmental protection, establishing a new phase governed by high-quality standards aligned with international best practices and experiences.”  

It added: “This framework aims to deliver an optimal beach experience for visitors and, in the long term, enhance service quality, safety standards, beach sustainability, marine environmental protection, and overall attractiveness. The requirements are designed to act as an official reference for operators seeking to develop or operate beaches.” 

The requirements also address beach design, development, and construction in line with the Saudi Building Code, ensuring architectural and structural compliance. They include accessibility for people with disabilities, enforcement of safety, security, and environmental measures, and alignment with high-quality standards, including those of the Blue Flag eco-label. 

The regulations outline licensing procedures and documentation requirements, including commercial registration, environmental permits, marine zoning approvals, beach safety plans and capacity assessments. Operators must also separate swimming areas from other marine activities, provide safety and rescue equipment, ensure trained lifeguards are on duty and install clear signage. 

“The requirements further impose strict environmental controls, including the prevention of pollutant discharge, effective waste management, the use of environmentally friendly materials, activation of environmental monitoring mechanisms, and immediate reporting of any environmental incident to preserve ecological balance,” it added. 

The rules will come into force one month after their announcement, with existing beach operators granted a one-year transition period to comply with the new technical and environmental standards. 

Saudi Arabia aims for coastal tourism in the Red Sea region to contribute about SR85 billion ($22.6 billion) to gross domestic product by 2030, generate more than 210,000 jobs, and capture a significant share of leisure tourism and entertainment spending.