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Net FDI inflows in Saudi Arabia rise to $4.7bn in 2020 - UNCTAD

Net FDI inflows in Saudi Arabia rise to $4.7bn in 2020 - UNCTAD
Global FDI collapsed in 2020 and fell by 42% to an estimated $859 billion.

Riyadh – Mubasher: The Saudi economy brought higher net foreign direct investment (FDI) during 2020 despite the coronavirus pandemic-induced challenges and the slowdown in the global economy.

According to initial estimates from the United Nations Conference on Trade and Development (UNCTAD), Saudi Arabia brought in $4.7 billion (SAR 17.63 billion) in inflows last year, up by 4% on a year-on-year (YoY) basis.

Global FDI collapsed in 2020, falling by 42% to an estimated $859 billion, from $1.5 trillion in 2019, marking its lowest since the global financial crisis (GFC), according to the UNCTAD report.