Saudi Arabia recorded a strong performance in foreign direct investment (FDI) in 2024, with inflows rising by 24.2 percent to SR119.2 billion. The cumulative FDI stock nearly doubled to SR977.3 billion compared to SR501.8 billion in 2017, reflecting the success of reforms under Vision 2030.
The National Investment Strategy, launched in 2021, has been central to this growth. For the fourth consecutive year, its performance indicators exceeded targets, covering FDI inflows, gross fixed capital formation, and the relocation of global companies’ regional headquarters. Gross fixed capital formation reached a record SR1.3 trillion in 2024, with private-sector investment accounting for about 76 percent of the total.
FDI inflows have grown more than fourfold since 2017, supported by reforms that enhanced Saudi Arabia’s investment climate. Over 50,000 foreign investment licenses have been issued across various sectors, while the number of regional headquarters relocated to the Kingdom rose to 660 by 2024, strengthening its position as a regional hub.
Non-oil FDI accounted for about 90 percent of total inflows in 2024, with its share in non-oil GDP reaching 4.2 percent. Officials emphasized that these results highlight strong investor confidence in Saudi Arabia’s economic diversification and sustainability goals. With ongoing reforms and its strategic location, the Kingdom is expected to attract further investment and maintain momentum in achieving Vision 2030 targets.