Saudi Arabia’s FDI inflows plunge by 59% to $7.9bln

Investment inflows into Saudi Arabia fell by 59% to $7.9 billion, but cross-border M&A sales remained high, the United Nations Conference on Trade and Development (UNCTAD) said in its World Investment Report.

One of the largest deals recorded was the $16 billion acquisition of a 49% stake in an Aramco Gas pipeline by an investor group from the USA, China, Saudi Arabia itself, Hong Kong and China.

The kingdom recorded investment outflows at $19 billion in 2022, down from $24 billion in 2021.

Source: https://www.zawya.com/en/economy/gcc/saudi-arabias-fdi-inflows-plunge-by-59-to-79bln-smlsnaak