FDI Into Saudi Arabia Grows 10.2% : comparemela.com

FDI Into Saudi Arabia Grows 10.2%

Saudi Arabia attracted SAR 8.1 billion ($2.1 billion) in foreign direct investment in the first quarter of 2023, marking a 10.2 percent growth year-on-year (YOY), showed a government report. The bulletin disclosed that the Kingdom’s GDP grew by 3.8 percent in Q1 of the year compared to the same period last year. Moreover, the workforce participation of Saudi citizens stood at 52.4 percent, while unemployment touched 8.5 percent.

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