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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Bandar Al-Mosalam

Saudi Arabia Registers Jump in Foreign Direct Investment Inflows

Attractive investment environment in Saudi Arabia brings foreign capital to the local market. (Asharq Al-Awsat)

Foreign direct investment flows recorded a growth of 46.5% during the second quarter of this year, compared to the same period of 2021, after excluding the Saudi Aramco deal amounting to 46.5 billion riyals ($12.4 billion).

Last year, Aramco forged a pipeline infrastructure deal worth 46.5 billion riyals ($12.4 billion) with an international consortium that acquired a 49% stake in the recently established crude oil supply company, under a 25-year sale and leaseback agreement.

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