Saudi Arabia draws 26.6B riyals in Q1

Saudi Arabia attracted around 26.6 billion riyals in foreign direct investments during the first quarter of this year, reflecting a 2.4% increase compared to last year. Meanwhile, net inflows totaled 23.1 billion riyals, marking a 2.4% decline year-over-year. The Saudi stock market also experienced a significant surge in foreign purchases, increasing by over 1,300% to reach 11.5 billion riyals, following the market’s opening to direct participation. The Tadawul Index rose by 6.6%. The Saudi economy aims to achieve investments between 140 and 150 billion riyals by the end of 2024 and to create half a million jobs for Saudis.

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