2024-06-30 15:37:19
The Normal Authority for Statistics in Saudi Arabia revealed “the quantity of overseas direct funding flows into the Kingdom through the first quarter of 2024.”
The authority stated in a press release, “The quantity of overseas funding flows elevated in comparison with the primary quarter of final 12 months,” including: “9.5 billion Saudi riyals, the worth of web overseas direct funding flows within the Kingdom through the first quarter of 2024, a rise of 5.6% in comparison with the identical quarter of the 12 months.” 2023.”
In keeping with the Authority’s information, “the worth of overseas direct funding flows into the Kingdom’s financial system amounted to about 17 billion riyals through the first quarter of 2024, a rise of 0.6% in comparison with the primary quarter of 2023, which amounted to about 16.9 billion riyals.”
In keeping with information reported by Saudi media, “overseas funding outflows from the Kingdom’s financial system amounted to about 7.5 billion riyals through the first quarter of 2024, a lower of 5.1% in comparison with the primary quarter of 2023, which amounted to about 8 billion riyals.”
The Saudi Minister of Funding, Khalid Al-Falih, indicated that Saudi Arabia has attracted extra investments through the first quarter of 2024, that are flowing quickly and considerably, thus attaining Imaginative and prescient 2030.
He defined, “Many corporations have chosen Saudi Arabia as an incubator for promising investments, as 52% of those investments are from the UK, and they’re trying ahead to extra such investments.”
He added, “The UK is the second largest investor in Saudi Arabia,” noting that “Saudi Arabia is making extra investments to extend revenue and is trying to the UK and welcoming everybody to draw many investments from numerous markets.”
He acknowledged that “Saudi Arabia is more and more counting on banks, along with investments within the monetary sector of British and Saudi corporations, which is an space open to everybody.”
Counsel a correction
2024-06-30 15:37:19