Khaled Al -Falih, Minister of Funding
The Minister of Funding, Eng. Khaled Al -Falih, burdened that the outcomes of overseas direct funding within the Kingdom for the 12 months 2024 got here in gentle of the slowdown in world funding flows and worldwide financial challenges, which displays Saudi Arabia’s means to face varied financial challenges based on an bold imaginative and prescient that goals to develop and diversify.
Al -Falih defined that final 12 months information exhibits the success of the “Kingdom’s Imaginative and prescient 2030” and the nationwide funding technique in attracting qualitative overseas investments from completely different international locations of the world, noting that non -oil flows constituted for the primary time about 90% of the overall overseas direct funding, whereas the share of those investments reached about 4.2% of the non -oil GDP, a degree that it thought of passable in comparison with world requirements.
He added that the Kingdom, with its financial sturdiness and a singular strategic location, will proceed to boost its attractiveness to overseas investments, stressing the significance of steady enchancment within the funding system inside the nationwide technique, and the associated sectoral methods, to help the frequency of fast financial development and diversification.
It’s noteworthy that the worth of overseas direct funding flows within the Kingdom amounted to 119 billion riyals within the 12 months 2024, and a development of 24 % in comparison with 2023, which was 96 billion riyals.
