Increasing foreign investments in Saudi Arabia despite Corona

foreign investment coming into the Kingdom of Saudi Arabia has grown, despite the decrease in foreign direct investment in the world by more than 40% due to the Corona pandemic.

According to Arabiya Net, the report of the United Nations Conference on Trade and Development UNCTAD showed a decline in foreign direct investment in the world by 42% to an estimated 859 billion dollars from 1.5 trillion. Dollars in 2019.

While Saudi Arabia attracted foreign investments in 2019 worth 4.562 billion dollars, by 1.249 billion in the first quarter, 1122 billion in the second quarter, 1150 billion in the third quarter, and 1042 One billion dollars in the fourth quarter, according to Al-Eqtisadiah newspaper, according to the organization.

On the other hand, during the first three quarters of 2020, Saudi Arabia received foreign investments worth $ 3.56 billion, which exceeds the value of the first three quarters of 2019 by $ 39 million.

The average investment that Saudi Arabia attracted in the first three quarters of last year was $ 1.187 billion.

When calculating this rate as an investment value, the Kingdom is supposed to have achieved it in the fourth quarter of 2020, the assumed total of the investment value in the past year is 4.747 billion dollars, which is A figure of $ 185 million that exceeds the $ 4.562 billion Saudi Arabia achieved in 2019.

In terms of the report published by Al-Arabiya.net earlier this week, the decline in investments was concentrated in developed countries, as foreign direct investment flows decreased by 69% to An estimated $ 229 billion, as flows to Europe dried up completely, and net outflows were recorded at about $ 4 billion, and negative flows were recorded in many countries, and a sharp decline was recorded in the United States of 49% to $ 134 billion, according to the report It was seen by Arabic.net.

and the proportion of foreign direct investment in emerging economies declined by 12% to an estimated $ 616 billion, while the share of emerging economies in global foreign direct investment reached 72% It is the highest share on record. China topped the ranking of the largest recipients of foreign direct investment.