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Saudi Arabia's net foreign direct investment rises 5.6% in first quarter

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Saudi Arabia's net foreign direct investment rises 5.6% in first quarter

DUBAI - Net foreign direct investment inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals in the first quarter of 2024, government data showed on Sunday.

The kingdom hopes to attract $100 billion in FDI by 2030 to boost non-oil gross domestic product as part of a wider strategy by de facto ruler Crown Prince Mohammed bin Salman to diversify the economy away from its reliance on

 

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