Saudi Arabia, the Arab world’s biggest economy, attracted foreign direct investment inflows of 96 billion riyals ($25.6 billion) in 2023, beating official targets, according to government data based on a new calculation methodology.
The kingdom introduced a new methodology last year to collect and report FDI data in a bid to bolster the transparency and accuracy of the published statistics, which led to a significant upward revision in total figures for 2022.
The ministry of investment said in its latest report that actual FDI…
