News Briefing for January 2024

January 31    The balance of foreign direct investment (FDI) in Saudi Arabia jumped to SR762 billion ($203.2 billion) by the end of 2022, compared to 2021 when it reached SR659 billion ($175.7 billion).


January 23    Mohammed Elkuwaiz, chairman of the Board of Directors of the Saudi Capital Market Authority (CMA), said that the authority intends to allow non-Saudis to invest for the first time in listed companies that own real estate in the holy cities of Makkah and Madinah.


January 15    The Consumer Price Index or inflation in Saudi Arabia recorded a decrease of 1.5 percent during December 2023, compared to December 2022, which recorded a rate of 1.7 percent.


January 4    The Saudi Ministry of Investment has revealed that it issued more than 2100 investment licenses in the third quarter of 2023, with a growth rate of 135.4 percent on an annual basis. 


January 4    The Saudi Ministry of Commerce revealed that more than 95,000 commercial registers have been issued during the fourth quarter of 2023, an increase of 23 percent year-on-year, bringing the total commercial registers to more than 1.4 million by the end of the year.