Saudi FDI Inflows Drop, Setting Up Tough Fourth Quarter
- Inflows from FDI fell to $4.8 billion in the third quarter
- Kingdom needs one of biggest hauls ever to meet 2024 goal
This article is for subscribers only.
Saudi Arabia’s inflows of foreign direct investment slumped in the third quarter, a sign the kingdom continues to face challenges in drawing external cash to back its economic overhaul.
FDI inflows dropped 8% quarter-on-quarter to 18 billion riyals ($4.8 billion) in the three months through September and were also down from a year ago, according to data released Monday by the Saudi General Authority for Statistics.