phpslot|Saudi Arabia's FDI net inflows grow by 5.6 pct in Q1

RIYADHphpslot, June 30 (Xinhua) -- Saudi Arabia announced Sunday that foreign direct investment (FDI) net inflows grew by 5.6 percent in the first quarter of 2024 compared to the same period in 2023.

According to a report by the Saudi General Authority of Statistics, FDI net inflows in the first quarter amounted to 9.5 billion Saudi riyals (around 2.5 billion U.S. dollars), compared to 9 billion riyals in the same period last year.

Outflows amounted to about 7.5 billion riyals, registering a decrease of 5.1 percent compared to the first quarter of last year, when the volume of outflows reached 8 billion.

Inflows amounted to about 17 billion riyals during the first quarter of 2024, marking a 0.6 percent increase from the first quarter of 2023.■