Saudi capital investment growth surged in 2024, reaching SR1.33 trillion ($355 billion), as new data shows. The Ministry of Investment reported a 4.5 percent annual increase in gross fixed capital formation (GFCF). This figure exceeded the ministry’s target of SR964 billion by 38 percent.
As a result, the momentum behind Saudi capital investment growth remains strong. Private sector contributions led the increase. Investments from private entities rose 11 percent to SR1.19 trillion. This accounted for 89.16 percent of total capital formation.
Meanwhile, government investments dropped by 29.4 percent, reaching SR144.3 billion. This decline lowered the public sector’s share to just 10.84 percent, and private players are taking the lead in Saudi Arabia’s economic transformation.
Additionally, Saudi capital investment growth GFCF now makes up 29 percent of the nation’s GDP. This surpasses the National Investment Strategy’s 26 percent target.
Moreover, the rise reflects improved investor confidence and effective policies. The ministry emphasized that higher capital formation supports long-term economic health.
The GFCF metric tracks investment in fixed assets like infrastructure, real estate, and industry. Greater capital formation often signals stronger future economic growth.
Furthermore, these gains align with the broader goals of Vision 2030. The Ministry of Investment and the Saudi Investment Promotion Authority continue to drive progress.
Through the InvestSaudi platform, they promote diverse opportunities. They have also improved the national investment portal with 15 focus sectors. Each sector features tailored incentives for investors.
Additionally, the new 2025 Investment Law simplifies licensing and regulation. This change benefits both domestic and international investors.
Internationally, Saudi Capital Investment Minister Khalid Al-Falih remains highly active. He led roadshows across Asia, Europe, and the Americas.
Asia plays a key role in attracting foreign direct investment. Six of the Kingdom’s top ten FDI sources come from this region.
Domestically, Al-Falih champions investment opportunities at major forums and summits. He presents the Kingdom as a compelling destination for capital.
Meanwhile, mega-projects such as NEOM, the Red Sea, and Diriyah Gate attract global attention. These developments further support Saudi capital investment growth.
Altogether, the Kingdom’s focused efforts and bold projects drive strong results. Saudi capital investment growth continues to power economic diversification and transformation.
