RIYADH: Greenfield foreign direct investment projects in 海角直播 posted a 30.1 percent annual rise in the first half of 2025 to reach 203, according to an analysis.聽
Total capital inflows into the sector reached $9.34 billion over the period, up 1.7 percent from the same six months of 2024, said investment and financial services bank Emirates NBD in its latest report.
The UN defines greenfield FDI as where a parent company starts a new venture in a foreign nation by constructing operational facilities from the ground up. Most parent companies also create long-term jobs in the country.
鈥淩iyadh emerged as the dominant destination in 海角直播, attracting 100 greenfield FDI projects with capital inflows of $2.30 billion. Dammam secured 21 projects worth $1.28 billion, while Jeddah attracted 13 projects valued at $1.22bn, demonstrating the Kingdom鈥檚 multi-city investment appeal aligned with Vision 2030 objectives,鈥 said Emirates NBD.聽
Under the Vision 2030 agenda, 海角直播聽aims to attract $100 billion in FDI a year by the end of the decade as it seeks to make significant strides in diversifying its economy and reducing its decades-long dependence on crude revenues.
In June, a report released by the General Authority for Statistics revealed that net FDI into 海角直播 stood at SR22.2 billion ($5.9 billion) in the first quarter of this year, representing a rise of 44 percent compared to the same period in 2024.聽
US leads
The US emerged as the top contributor of greenfield FDI in the Kingdom during the first half of the year, accounting for 61 projects, valued at $2.1 billion.聽
The report said the US represented 30 percent of all projects and 29 percent of total capital investment during the first six months of this year.聽
Egypt ranked second in capital investment with $1.81 billion from just 11 projects, driven by major real estate developments.
China contributed $858.3 million through 11 projects, while France invested $771.7 million across 6 projects.
From the Gulf Cooperation Council region, the UAE invested $205.3 million across 25 projects.
Sectoral breakdown聽
In terms of value, the communications sector attracted the highest capital investment, with $1.92 billion secured for 11 projects in the first six months of this year.聽
The strong figures in the communications sector were driven by US-based Equinix鈥檚 $1 billion data center investment announced at the LEAP 2025 tech conference in Riyadh in February.聽
The real estate sector came second with greenfield FDI worth $1.79 billion from nine projects, largely driven by Egypt-based entities.聽
Egypt-based real estate consortium, led by Paragon Developments and El-Attal Holding, invested over $1.7 billion across multiple mixed-use real estate projects in Riyadh and Jeddah.聽
鈥淭hese projects, which began construction in the first half of 2025, directly support the Kingdom鈥檚 housing program objectives and urban development goals under Vision 2030,鈥 said Emirates NBD.聽
The electronic components sector attracted investments worth $879.3 million, followed by warehousing at $779 million and the chemical industry at $765.4 million.聽
In terms of number, the business services sector dominated with 55 projects, representing 27 percent of the total.聽
鈥淭his sector encompasses diverse activities, including environmental services, consulting, and water infrastructure development,鈥 said Emirates NBD.聽
Spain-based Lantania secured a $500 million contract to build the Ras Mohaisen desalination plant in partnership with India鈥檚 L&T.聽
The plant is expected to serve approximately one million residents in the Makkah and Al-Baha regions, featuring four desalinated water tanks with 600,000 cubic meter total storage capacity.
Another major investment in the business service sector was made by Hong Kong-based Pico Play, a subsidiary of Pico Far East, which invested $456.1 million to develop a major leisure and entertainment manufacturing facility in Riyadh. The project, which began operations in March, features a theme park, entertainment infrastructure, and immersive experience technologies.
The software and IT services sector secured 35 projects, representing 17 percent of the total greenfield FDI projects, driven by 海角直播鈥檚 rapid digital transformation agenda and growing tech ecosystem.
Transportation and warehousing secured 14 projects, while industrial equipment also attracted 14 projects, reflecting 海角直播鈥檚 industrial diversification efforts.聽
One of the major investments in the industrial sector was made by Kirby Building Systems, based in Kuwait, which committed $315.1 million to establish a pre-engineered steel buildings manufacturing facility in Sudair Industrial City.聽
India鈥檚 Welspun Group also invested $315.1 million in a steel pipe and coating facility in Dammam.聽
Both these projects began construction in early 2025 and are expected to support supply chain localization for the Kingdom鈥檚 construction and energy sectors.
The financial services sector attracted 11 projects, underscoring the Kingdom鈥檚 growth as a regional financial hub.
The report further said that 海角直播 attracted 25 new foreign firms to open their regional headquarters in the Kingdom, amplifying the country鈥檚 status as a global business destination.聽
The growth was fueled by the government-backed Riyadh regional headquarters program, which offers incentives such as a 30-year corporate income tax exemption and withholding tax relief, alongside regulatory support for multinationals operating in the Kingdom.聽
In March, the Saudi Press Agency reported that around 600 international companies have set up bases in 海角直播 since 2021, including Northern Trust, IHG Hotels and Resorts, and Deloitte.
