Saudi Gazette report

RIYADH — The United States ranked sixth among the top countries investing in Saudi Arabia by the end of 2024, with foreign direct investment (FDI) totaling $15.4 billion, according to data released by the Saudi Ministry of Investment.

The United Arab Emirates topped the list with $40.5 billion in investments, followed by Luxembourg ($27.1 billion), France ($17.4 billion), the Netherlands ($17.1 billion), and the United Kingdom ($16.7 billion).

The rest of the top ten investors included Bahrain ($10 billion), Kuwait ($9.5 billion), Jordan ($6.8 billion), and Japan ($6.3 billion).

These figures highlight the Kingdom's growing appeal to international investors and the diversity of its economic partnerships.

The strong FDI inflows are attributed to Saudi Arabia’s ongoing economic reforms and initiatives under Vision 2030 aimed at enhancing the investment climate and global competitiveness.

Trade between Saudi Arabia and the United States also remains robust. In 2024, Saudi exports to the US reached $13 billion, while imports from the US stood at $19 billion.

Bilateral commercial relations over the past decade (2015–2024) amounted to SR1.34 trillion ($357 billion), with Saudi exports totaling $170 billion — mainly oil, fertilizers, and organic chemicals — while imports from the US exceeded $187 billion, largely consisting of machinery, vehicles, and medical devices.

Additionally, the volume of trade between Saudi Arabia and Gulf Cooperation Council (GCC) countries reached $180 billion in 2024.