The Saudi Ministry of Investment revealed that the balance of foreign direct investment will reach 775 billion riyals ($207 billion) in 2022, which makes the Kingdom ranked 16th among the economies of the G20 countries. It represents a downward correction of the data that was estimated, under the previous methodology, at about one trillion riyals ($269 billion). This accurately reflects, through the updated numbers, the reality of foreign direct investment in the Saudi economy, and confirms the extent of transparency followed by the Kingdom in calculating its indicators.
Under the new methodology, foreign direct investment flows amounted to about 122 billion riyals ($33 billion) during the year 2022, which is double the foreign direct investment flows in 2015, which makes the Kingdom ranked 10th among the G20 economies in the year 2022.
Source (Al-Arabiya.net Website, Edited)
