Saudi foreign direct investment inflows rise 9.5% in first quarter

Ahmed Yosri

The FDI inflows were at $1.97bln in the first quarter of 2022, the ministry added

Mahmoud Mourad, Reuters News

June 29, 2022

PHOTO

CAIRO - Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, the investment ministry said on Twitter on Tuesday.

The FDI inflows were at 7.4 billion riyals ($1.97 billion) in the first quarter of 2022, the ministry added.

($1 = 3.7530 riyals)

(Reporting by Mahmoud Mourad; Editing by Edmund Blair)

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