Saudi Arabia's FDI 2017-2021 (Billions USD)
20 May 2023•
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Foreign Direct Investment in the Kingdom has increased by 92.7% in 5 years, hitting a record-high last year since 2008 of US$19.3 billion. US$12.4 billion of that was due to Saudi Aramco’s successful share sale of its subsidiary Aramco Oil Pipelines Company to an international investor consortium. In 2021, the government set an FDI target of US$100 billion annually by 2030 and aims to increase its GDP contribution to 5.7%. Over 4,400 new foreign investment licenses were handed out by the Ministry of Investment in 2021.
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