Saudi Arabia’s gross fixed capital formation (GFCF) reached SR1.33 trillion ($355 billion) in 2024, exceeding the Ministry of Investment’s target by 38%. The 4.5% annual increase reflects continued investor confidence and progress toward Vision 2030 goals.
Private sector investments rose 11% to SR1.19 trillion, making up 89% of total GFCF, while government investment declined to SR144.3 billion. GFCF also grew to 29% of GDP, surpassing the National Investment Strategy’s 26% goal.
The Ministry attributed this momentum to policy reforms, the launch of the Investment Promotion Authority, and targeted campaigns via InvestSaudi.Minister Khalid Al-Falih continues to promote Saudi investment opportunities globally, with projects like NEOM and Red Sea Global reinforcing the Kingdom’s position as a top investment destination.