Saudi Arabia booked its highest-ever quarterly foreign direct investment (FDI) in the second quarter, thanks to a large oil pipeline infrastructure deal that state oil giant Aramco closed in the period. Saudi Arabia, whose FDI numbers have trended at around $1 billion per quarter in the past three years, saw its Q2 2021 FDI figure at a staggering $13.
8 billion, according to data from the Saudi central bank cited by Forbes. The key driver for the record foreign investment was a $12.4 billion deal that involved Saudi Aramco. Aramco reached an agreement…Aramco Mega Deal Boosts Saudi Foreign Investment To Record In Q2
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