The Saudi Ministry of Investment said on Sunday that the volume of foreign direct investment inflows into the kingdom amounted to $1.4 billion in the second quarter of 2021.
According to Arabiya Net, the ministry added that the growth of foreign direct investment reached 56 percent year on year, according to Reuters.
These figures, with the exception of the Aramco deal, come after the second quarter of 2021 saw Saudi Aramco agree, in April 2021, to sell a minority stake in its pipelines for $12.4 billion to a consortium led by EIG, the company's largest deal since a record initial public offering of $29.4 billion in late 2019.
Net foreign direct investment in the Kingdom of Saudi Arabia jumped to 51.86 billion riyals (about 13.829 billion dollars) in the second quarter of 2021, compared to 3.098 billion riyals (0.826). billion) in the same quarter of 2020, an increase of about 1574%, according to an analysis conducted by Al-Arabiya.net, based on preliminary and estimated data of the Saudi Central Bank, Sama.
Similarly, net foreign direct investment in Saudi Arabia jumped by 664% in the second quarter of this year, compared to about 6.79 billion riyals ($1.81 billion) net foreign direct investment. In the first quarter of this year.
The Saudi Minister of Investment, Khalid Al-Falih, said in a previous interview with Al-Arabiya, that the Kingdom will enjoy very high rates of foreign investment in 2021 and the coming years.
