Saudi Arabia First-Quarter Deal Flow Slumps to Three-Year Low
- Kingdom closed 64 deals in 1Q, down from 104 a year ago
- Riyadh looking for foreign investment to drive Vision 2030
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Saudi Arabia closed the fewest number of first-quarter investment deals since 2021 in a further sign the kingdom is struggling to attract funding from private companies and foreign investors.
The country finalized 64 transactions in the first three months of 2024, according to data from the Ministry of Investment, down 40% on a year earlier. The count is slightly below that recorded in the fourth quarter.