Saudi Arabia recorded second-quarter foreign direct investment flows down 85 percent year on year, an investment ministry report showed on Tuesday.
The FDI inflows were at SR7.9 billion ($2.1 billion) in the second quarter, compared with about SR51.9 billion in the same period last year.
With the exclusion of the closing of state-owned Saudi Aramco’s initial public offereing deal in the second quarter of 2021, the Kingdom’s foreign direct investment grew 46.5 percent year on year.