The value of Saudi direct investments abroad by the end of the second quarter of the year 2017 amounted to about 314.14 billion riyals, which represents 9.3 per cent of the total assets of Saudi Arabia of 3.4 trillion riyals by the end of the first half of 2017.
According to an analysis of the unit of reports in the newspaper “economic” based on data from the Ministry of Finance and the Saudi Arabian Monetary Agency “SAMA”, since the beginning of 2015 the Saudi government to increase the value of direct investments abroad, where the percentage of Saudi direct investment abroad of its total assets By the end of 2014 about 4.2 per cent.
And gradually increased to 6.3 per cent by the end of 2015, to reach 8.1 per cent by the end of the first half of 2016 and 9.3 per cent by the end of the first half of 2017.
“Direct investments abroad” are defined as international capital movements that seek to establish, develop, maintain or establish foreign affiliates. It is also known as “foreign direct investment”, a measure of the ownership of foreign productive assets, such as factories, mines and land.
The rise in global foreign investment rates can be seen as an indicator of increased economic globalization and integration or global economic integration.
Saudi Arabia’s direct investments abroad by the end of the second quarter of 2017 increased by 6.5 percent to SAR 19.12 billion from SAR 295.02 billion at the end of the second quarter of 2016.
It also increased during the second quarter of 2017 by 3.5 per cent to Rls 10.61 billion. The value of Saudi direct investments abroad at the end of the first quarter of 2017 was about Rls 303.52 billion.
It also grew by 3.8 per cent to Rls 11.63 billion since the beginning of 2017. It was valued at 302.51 billion riyals at the end of the previous year.
Saudi Arabia’s direct investments abroad have risen by the end of the second quarter of 2017 to their highest levels during the period from 2007 to the end of the second quarter of 2017, ie over 11 and a half years.
The value of Saudi foreign investments from the end of 2007 to the end of the first half of 2017 increased by four times by 391 per cent and doubled from the first half of 2012 until the first half of 2017 by 171 per cent twice.