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Saudi foreign direct investment rises 9.5% in first quarter

Riyadh hopes a nuclear pact can still be made with Iran Creative Commons
The FDI inflows were at 7.4 billion riyals ($1.97 billion) in the first quarter of 2022

Saudi Arabia recorded 9.5 percent increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, the investment ministry said on Twitter on Tuesday.

The FDI inflows were at 7.4 billion riyals ($1.97 billion) in the first quarter of 2022, the ministry added.

($1 = 3.7530 riyals)

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