Foreign direct investment (FDI) inflows into Saudi Arabia dropped for a third consecutive year in 2024, indicating the kingdom’s ongoing struggles to attract international investors. The decline underscores challenges facing the nation as it seeks to diversify its economy away from oil dependence and position itself as a global investment hub.
Saudi Arabia has embarked on ambitious economic reforms under its Vision 2030 initiative, aiming to stimulate private sector growth and attract foreign capital. However, factors such as global economic uncertainty, competition from other emerging markets, and concerns over regulatory transparency may have contributed to the sustained decline in FDI.
Officials are expected to intensify their efforts to reassure international investors and implement policy measures designed to improve the business climate. Despite the recent downturn, Saudi Arabia remains committed to its long-term goals of economic diversification and strengthening its position on the global stage.
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