Everything about
Real estate market in Saudi Arabia

Oil exports help Saudi Arabia’s current account touch $26bn in 4Q of 2021

RIYADH: A rise in oil exports helped increase Saudi Arabia’s current account deposits touch $26 billion in the fourth quarter of 2021, according to a Saudi Central Bank report. 

The rise in the current account balance was attributed to a strengthening surplus in the goods balance, which reached $48.9 billion in the fourth quarter, up from $37.9 billion in the previous quarter. 

Oil exports surged by 16.5 percent, quarter-on-quarter, to stand at $64 billion while non-oil exports rose by 18 percent to $21.5 billion.

Additionally, the Kingdom’s net flow of foreign direct investment reached $1.92 billion in the fourth quarter, easing significantly from the second quarter’s figure of $13.8 billion. Yet, it went up compared to the third quarter, which witnessed a net inflow of $1.75 billion. 

The massive second quarter figure of net FDI was primarily attributed to a $12.4 billion infrastructure deal between Aramco and a global investor consortium, in which the consortium acquired a 49 percent stake in Aramco Oil Pipelines Company, according to Aramco press release issued 18 June 2021. 

Equity and investment fund shares reached $21 billion in the fourth quarter of 2021, up 61 percent when compared to the previous quarter. 

اترك تعليقاً

لن يتم نشر عنوان بريدك الإلكتروني. الحقول الإلزامية مشار إليها بـ *

Other Posts

Follow us

You may also like

خصوصيتك أولويتنا.

تستخدم لاند ستيرلينغ | المملكة العربية السعودية، ملفات تعريف الارتباط والتقنيات المماثلة لفهم كيفية استخدامك لموقعنا الإلكتروني ولتمكيننا من تحسين تجربتك معنا باستمرار. لمعرفة المزيد حول استخدامنا لملفات تعريف الارتباط وطريقة تعاملنا مع خصوصية البيانات، اضغط هنا.
من خلال الاستمرار في استخدام موقعنا، فإنك توافق على استخدامنا لملفات تعريف الارتباط.