【Significant Increase in FDI Inflows】 According to foreign direct investment statistics released by Saudi Arabia's General Authority for Statistics (GASTAT) on September 3, 2025, FDI inflows for 2024 amounted to 119.2 billion riyals (approximately 4.65 trillion yen, 1 riyal ≈ 39 yen), representing a substantial 24% increase from the previous year. Meanwhile, outflows expanded significantly to 39.2 billion riyals from 10.4 billion riyals the previous year.
【Investment Trends by Sector】 Manufacturing led inflows with 35.1 billion riyals (29% of total), followed by wholesale/retail trade and automotive/motorcycle repair at 18.2 billion riyals (15%), and construction at 17.5 billion riyals (15%). For outflows, manufacturing was largest at 16.7 billion riyals (43%), followed by construction at 5.9 billion riyals (15%), and transportation/warehousing at 5.0 billion riyals (13%).
【Investment Patterns by Country】 Net inflows decreased 6% year-on-year to 80.0 billion riyals. By country, the US led with 10.6 billion riyals in net inflows, followed by UAE at 9.2 billion riyals and France at 4.3 billion riyals. Foreign direct investment stock reached 977.0 billion riyals at end-2024, up 9% from the previous year, with UAE (161.3 billion riyals), Luxembourg (100.9 billion riyals), and France (69.4 billion riyals) ranking highest.
【Results of Economic Diversification】 This investment increase reflects the success of Saudi Arabia's economic diversification strategy under Vision 2030 and policies to promote non-oil sector growth. High investment concentration in manufacturing reflects the country's commitment to strengthening its industrial base.