Saudi Arabia’s FDI inflows rise 24% to $31.72bn

Saudi Arabia aims to attract $100 billion in FDI annually by the end of the decade. Shutterstock
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Updated 04 September 2025
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Saudi Arabia’s FDI inflows rise 24% to $31.72bn

  • Manufacturing was biggest recipient, drawing SR35.12 billion
  • Wholesale and retail trade, including motor vehicle repair, attracted SR18 billion

RIYADH: Foreign direct investment inflows into Saudi Arabia rose 24 percent in 2024 to SR119 billion ($31.7 billion), even as global FDI slowed, official data showed. 

According to the General Authority for Statistics, manufacturing was the biggest recipient, drawing SR35.12 billion and accounting for 29 percent of total inflows. 

Under Vision 2030, the Kingdom aims to attract $100 billion in FDI annually by the end of the decade as part of efforts to diversify away from crude revenues. 

Commenting on the latest performance, Investment Minister Khalid Al-Falih said: “The results of foreign direct investment in the Kingdom for 2024 come against the backdrop of global economic challenges and a slowdown in the growth rates of global direct investment flows internationally, which reflects the Kingdom’s ability to face all economic challenges,” according to the Saudi Press Agency. 

In an X post, the Ministry of Investment said inflows in 2024 surpassed the National Investment Strategy’s annual target of SR109 billion. It added that Saudi Arabia has exceeded its FDI goals for four consecutive years, with annual targets set to climb from SR140 billion in 2025 to SR388 billion by 2030. 

Wholesale and retail trade, including motor vehicle repair, attracted SR18 billion, or 15 percent, followed by construction at SR17.51 billion, and financial and insurance activities at SR16.19 billion. Professional, scientific and technical activities accounted for SR9.81 billion. 

The information and communication sector received SR6.34 billion, while mining and quarrying drew SR5.15 billion. Transportation and storage attracted SR5.06 billion, followed by administrative and support services at SR1.58 billion, and accommodation and food services at SR1.10 billion. 

According to GASTAT, FDI outflows surged to SR39 billion in 2024 from SR10 billion a year earlier. Net inflows fell 6 percent to SR80 billion. The Kingdom’s FDI stock reached SR977 billion at year-end, up 9 percent from 2023. 

By stock volume, the UAE led with SR161 billion in 2024, followed by Luxembourg with SR101 billion, and France with SR69 billion. 

Saudi Arabia attracted SR18.38 billion in new inflows from the UAE, SR14.94 billion from Germany, and SR14.65 billion from the US. In terms of net inflows, the US ranked first with SR11 billion, followed by the UAE with SR9 billion. 


Saudi Arabia, WEF launch initiative to reshape global travel landscape

Updated 11 November 2025
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Saudi Arabia, WEF launch initiative to reshape global travel landscape

  • ‘Beyond Tourism’ is global framework advancing sustainability, inclusivity, and resilience in the sector

RIYADH: Saudi Arabia has partnered with the World Economic Forum to launch the “Beyond Tourism” initiative, a global framework designed to drive a more sustainable, inclusive, and resilient future for the travel and tourism sector.

Announcing the initiative on his X account, Saudi Minister of Tourism Ahmed Al-Khateeb said he was “thrilled to announce the launch,” noting that it is “dedicated to shaping the future of travel and tourism and is built around 10 core principles.”

Al-Khateeb emphasized that Beyond Tourism underscores the sector’s vital role as “a bridge between cultures, a means to empower communities, and a source of opportunities for future generations.”

The initiative comes as the global travel and tourism industry undergoes a major structural shift — moving away from fragmented, business-as-usual models toward integrated, ecosystem-based strategies.

According to the World Economic Forum, the sector is projected to reach 30 billion tourist visits and contribute $16 trillion to global gross domestic product by 2034. Yet, it continues to face complex challenges including rising tension between visitors and residents, environmental pressures, workforce shortages, and exposure to geopolitical and climate disruptions.

“The global travel and tourism sector is entering a period of profound transformation, moving decisively from a fragmented, business-as-usual operating model to a holistic, ecosystem-based paradigm,” the WEF said in a statement.

The forum noted that past reliance on siloed policies — a weakness underscored during the COVID-19 pandemic — has proven insufficient to address today’s global challenges.

Its proposed ecosystem approach focuses on five key enablers: infrastructure, finance, technology and innovation, people and skills, and policy and governance. The model aims to convert systemic challenges into opportunities for inclusive and sustainable growth.

Several destinations have already demonstrated the benefits of this approach. Countries such as Portugal, New Zealand, Costa Rica, Singapore, and Indonesia have leveraged it to improve conservation outcomes, diversify economies, and strengthen sustainable tourism development.

By promoting global cooperation among governments, private-sector leaders, and local communities, the Beyond Tourism initiative seeks to unlock the full potential of the industry while safeguarding cultural and natural heritage for generations to come.