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Saudi Chase of $10 Billion FDI Goal Faltered Before Virus

Saudi Chase of $10 Billion Investment Goal Faltered Before Virus
Photographer: Waseem Obaidi/Bloomberg
Updated on

Saudi Arabia missed its $10 billion target for foreign direct investment by more than half last year, as damage from the coronavirus pandemic and low oil prices now threatens to throw plans further off track.

According to a report by the United Nations Conference on Trade and Development, FDI inflows rose to $4.6 billion in 2019 from $4.2 billion a year earlier, but remained far behind levels seen prior to 2017.