© Reuters. FILE PHOTO: Cars drive past the King Abdullah Financial District in Riyadh, Saudi Arabia, November 12, 2017. REUTERS/Faisal Al Nasser
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(Reuters) -Saudi Arabia recorded second-quarter foreign direct investment (FDI) flows down 85% year on year, an investment ministry report showed on Tuesday.
The FDI inflows were at 7.9 billion riyals ($2.1 billion) in the second quarter, compared with about 51.9 billion riyals in the same period last year.
With the exclusion of the closing of state-owned Saudi Aramco (TADAWUL:2222)’s IPO deal in the second quarter of 2021, the Kingdom’s foreign direct investment grew 46.5% year on year.
($1 = 3.7580 riyals)
Source: Investing.com
