Saudi Investments Abroad Reach $259.4 Billion Despite Focus on Local Growth

Saudi Arabia recorded a 12% increase in foreign investments abroad by the end of last year, reaching $259.4 billion, making it the 27th largest country worldwide among major exporters of foreign investment. Despite a 2% reduction in the pace of new investment injections to $27 billion, the Kingdom remains a significant player in foreign direct investment. Currently, its focus is on domestic projects as part of Vision 2030 to diversify the economy, with a decrease in foreign investments as a percentage of total Public Investment Fund assets from 30% to 17%. Saudi Arabia has also advanced four positions in the ranking of the most attractive countries for foreign direct investment, with foreign inflows into private markets increasing by 53%, rising to 20 billion riyals, which boosted its share to approximately 30% of regional direct investment.