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FDI 2022 Inflow Hits $203 Bn in Saudi Arabia

Kingdom Center in Riyadh, one of the most important tourist attractions in Saudi Arabia (Asharq Al-Awsat)
Kingdom Center in Riyadh, one of the most important tourist attractions in Saudi Arabia (Asharq Al-Awsat)
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FDI 2022 Inflow Hits $203 Bn in Saudi Arabia

Kingdom Center in Riyadh, one of the most important tourist attractions in Saudi Arabia (Asharq Al-Awsat)
Kingdom Center in Riyadh, one of the most important tourist attractions in Saudi Arabia (Asharq Al-Awsat)

The foreign direct investment (FDI) in Saudi Arabia jumped to $203.2 billion by the end of 2022, compared to $175.7 billion in 2021.

The General Authority for Statistics (GASTAT) issued the Annual Foreign Direct Investment for 2022 data, showing that the FDI inflow to the Saudi economy rose 20% percent during 2022, reaching $32.8 billion, compared to 2021.

The outflows of foreign direct investment for companies in the Saudi economy grew 12%, reaching $4.5 billion compared to 2021.

Saudi Arabia has significantly grown in net foreign direct investment flows during 2022, reaching $28 billion in 2022, compared to $23.2 billion in 2021.

Transformative industries recorded the highest contribution to the total FDI balance by the end of 2022, with a value of $63.7 billion, with a contribution of 31% of the total balances.

- Third Quarter

Meanwhile, data on the FDI for Q3 revealed that the net foreign direct investment flows in the Kingdom amounted to $2.9 billion, a 10% decrease during Q3 2023, compared to Q2 when it amounted to about $3.4 billion, an increase of 26%, compared to the first quarter of 2023 when it accounted for $2.4 billion.

The value of foreign investment flows out of the Kingdom's economy during the third quarter of 2022 amounted to about $1.33 billion, a 22.5 % decrease, compared to the second quarter of the same year, which amounted to $1.8 billion.

The value of foreign direct investment flows into the Kingdom's economy, dropped 14.4%, with a value of about $4.5 billion, during the third quarter of 2023, compared to the second quarter of the same year, which amounted to about $5.06 billion.

- Quality and transparency

GASTAT President Fahad al-Dossari affirmed that Saudi Arabia's announcement of FDI for the first time adds a new global standard to improve the quality and transparency of the methodology for calculating FDI statistics. It is achieved by providing leading levels of transparency and governance globally.

Dossari highlighted the joint efforts with the International Monetary Fund (IMF) in this project and the integration of roles between the Central Bank and the Ministry of Investment to reach the methodology adopted by GASTAT for calculating the index.

He explained that it will enable investors to make investment decisions based on reliable results that support decision-makers and policymakers, design investment policies that attract more foreign investments, and inform investors about the best investment opportunities in Saudi Arabia.

- New methodology

The new methodology was adopted after alignment with the IMF in the latest methods and the UN Conference on Trade and Development (UNCTAD) confirmation to apply the best practices and international standards according to the Fund's Balance of Payments Manual.

The World Bank supported the recommendations presented by the International Monetary Fund in its recent report on Saudi Arabia, which form the basis of the new methodology.

The new methodology will contribute to enhancing governance levels and improving the quality of transparency in the statistical data and information for calculating direct foreign investment indicators as an investment destination in the Kingdom.

FDI Index includes about 19 new indicators as part of the new methodology approved by the IMF, including the balance and inflows of direct foreign investment by economic activity, investing countries, and regions of Saudi Arabia from 2007 to 2022.

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Business

World Food Prices Dip in October, but Remain Higher Than a Year Ago

A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
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World Food Prices Dip in October, but Remain Higher Than a Year Ago

A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)
A worker carries loaves of bread for sale at a bakery in the capital city of Cairo, Egypt November 4, 2026. (Reuters)

World food prices edged lower in October as weaker import demand contributed to monthly declines in cereal, dairy and meat prices, but were still nearly 6% higher than a year earlier, the United Nations' Food and Agriculture Organization said on Friday.

The FAO Food Price Index, which tracks monthly changes in international prices for a basket of food commodities, ‌averaged 133.9 points ‌in October, down from a revised ‌135.6 ⁠in September.

The index ⁠was 5.9% higher than a year earlier, but remained 16.4% below its March 2022 peak.

FAO's cereal price index fell 4.5% from September and was 12.6% lower than a year ago, as wheat and maize quotations declined. Wheat prices eased on weak import demand ⁠and improved production prospects, especially in Argentina.

"Expectations of ‌easing constraints on Black ‌Sea export flows added to the downward pressure on prices, ‌although continued disruptions to Black Sea logistics limited the decline," ‌FAO said in a statement.

Maize prices also eased after reaching a three-year high in September, pressured by the US harvest, expectations of ample supplies in South America and renewed ‌prospects of easing tensions in the Black Sea region.

Vegetable oil prices edged up 0.3%, ⁠as ⁠higher soybean and sunflower oil prices more than offset a fall in rapeseed oil prices.

Sugar prices rose 6.6%, their fourth straight monthly increase, to the highest level since December 2024, after rainfall disrupted harvesting in Brazil. They were now 28.8% above a year ago.

The dairy index fell 1.1%, as lower butter and cheese prices linked to ample supplies and subdued demand outweighed gains in milk powder.

The meat index declined 1.2%, while still slightly above its year-earlier level, as ovine and bovine meat prices fell.

Business

Copper Falls, Set for Worst Week Since March on AI Rout

Copper at the Aurubis copper smelting and refining plant in Hamburg, Germany. (Reuters)
Copper at the Aurubis copper smelting and refining plant in Hamburg, Germany. (Reuters)
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Copper Falls, Set for Worst Week Since March on AI Rout

Copper at the Aurubis copper smelting and refining plant in Hamburg, Germany. (Reuters)
Copper at the Aurubis copper smelting and refining plant in Hamburg, Germany. (Reuters)

Copper dropped on Friday and was set for its biggest weekly drop in London since March, as a rout in technology stocks battered markets.

Benchmark three-month copper on the London Metal Exchange was down 1.3% at $13,663 a metric ton by 0700 GMT. That placed it on track to fall 3.44% in the week, Reuters said.

The most-traded copper contract on the Shanghai Futures Exchange fell 1.08% to 106,830 yuan ($16,018.17) a ton.

The weakness reflects worries over AI investment, ‌with copper increasingly ‌influenced by "sentiment towards data center expansion," said ‌Craig ⁠Lang, principal analyst ⁠at CRU.

Technology shares were battered after Democratic wins in the US midterms fueled concerns that new regulatory oversight could cap the AI buildout.

On the other hand, supply constraints cushioned copper's decline.

"I would be cautious about calling this a sustained correction, given ongoing mine supply challenges and exceptionally tight ⁠metal availability outside the US," Lang said.

Copper stocks ‌in SHFE-monitored warehouses <CU-STX-SGH> fell by ‌over 24% this week to just 33,848 tons — the lowest ‌in almost three years. The closely watched Yangshan copper ‌premium <SMM-CUYP-CN>, a gauge of appetite for imports into key consumer China, increased to $210 a ton on Thursday, matching its record high.

Smelters in the country are facing a double squeeze of negative treatment ‌charges and lower sulfuric acid prices.

Meanwhile, warehouse inventories outside the US have been drawn ⁠down as ⁠material was pulled into the country ahead of a potential tariff on imports of refined copper.

"These physical constraints should provide some support against weaker investor sentiment," Lang said.

Among LME metals, aluminium lost 0.54%, zinc lost 1.42%, lead lost 0.45%, nickel dipped 0.23% and tin gained 0.83%.

On the SHFE, aluminium nudged down only 0.04%, zinc lost 1.35%, lead was little changed, down only 0.03%, nickel rose 2.14% and tin dropped 3.45%.

SHFE inventories were down across the board this week, led by sharp drops in aluminium <AL-STX-SGH> and lead <PB-STX-SGH>.

Business

Emerging Economies Set to Match Advanced Nations’ Renewable Capacity Additions, IEA Says

Workers walk at Kalyon Karapinar solar power plant in Karapinar, Konya province, Türkiye, Oct. 14, 2026. (AP)
Workers walk at Kalyon Karapinar solar power plant in Karapinar, Konya province, Türkiye, Oct. 14, 2026. (AP)
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Emerging Economies Set to Match Advanced Nations’ Renewable Capacity Additions, IEA Says

Workers walk at Kalyon Karapinar solar power plant in Karapinar, Konya province, Türkiye, Oct. 14, 2026. (AP)
Workers walk at Kalyon Karapinar solar power plant in Karapinar, Konya province, Türkiye, Oct. 14, 2026. (AP)

Emerging ‌and developing economies outside China are expected to add as much new renewable energy capacity as advanced economies for the first time over the next five years, driven by the current energy crisis, the International Energy Agency said on Friday.

Gas and oil prices have soared this year as the US-Iran war disrupts traffic through the Strait of Hormuz, a key route for global oil and gas trade.

Global renewable energy ‌capacity is forecast ‌to increase by almost 4,800 gigawatts ‌between ⁠2026 and 2031, ⁠the IEA said in its annual outlook.

Emerging and developing economies are expected to add about 1,100 GW, roughly the same as advanced economies, with China adding around 2,550 GW, the agency said.

Capacity growth in Southeast Asia, Africa and the Middle East is ⁠expected to triple over the period, ‌led mainly by solar installations, ‌the IEA said.

China will remain the biggest contributor to ‌global renewable energy growth, although its share is ‌forecast to fall to 53% by 2031 from 60% in 2025.

India is emerging as the world's second-fastest deployer of renewables and is expected to more than double its contribution ‌to global growth by 2031 to nearly 8.5%.

Grid connection delays remain ⁠a major ⁠challenge, with projects awaiting connections worldwide rising 60% over the past year, equivalent to four times the wind and solar capacity connected to grids during the same period.

Grid constraints are expected to slow growth in advanced economies, with annual additions in Europe through 2031 forecast to remain broadly in line with 2025 levels.

Renewable energy is expected to meet 6% of global transport energy demand by 2031, while higher fuel-blending mandates prompted the IEA to raise its biofuels forecast by 40% from last year's report.