[HIGHLIGHTS] $3.5 billion in foreign investment flows to Saudi Arabia and unemployment is declining

Net foreign direct investment inflows to Saudi Arabia amounted to $3.5 billion in the last quarter of 2023. The unemployment rate among Saudis declined to 7.7% during the same quarter.

The Kingdom hopes to attract $100 billion in foreign direct. investment by 2030 to boost non-oil gross domestic product as part of a broader strategy by. Crown Prince Mohammed bin Salman to diversify the economy away from heavy reliance on. crude oil exports. With the latest data, net flows last year totaled $11.4 billion.