“The most recent data from the Saudi Arabian Monetary Authority covers the period to September 2019. Foreign direct investment (FDI) in the first three quarters of that year amounted to $3.5 billion, slightly up on the $3.2 billion for the equivalent period in 2018, but still very low compared to the fairly recent past. A decade earlier, FDI in the first nine months of 2009 amounted to $26.6 billion.”
Dominic Dudley in Forbes comments on declining FDI as one reason for the establishment of a new Ministry of Investment with for Minister of Energy, Khalid Al-Falih, as it’s head.
[Forbes]
