RIYADH: Saudi Arabia attracted SR358.2 billion ($95.4 billion) in fixed capital investment during the first quarter of 2026, marking a 5.1 percent increase from a year earlier, as government and private-sector funding continued to support economic activity, official data showed.
According to the Ministry of Investment’s May 2026 economic indicators report, the non-government sector remained the dominant source of investment, accounting for nearly 89 percent of total gross fixed capital formation during the quarter.
Non-government GFCF reached SR319.9 billion in the first quarter, up 1.3 percent from a year earlier, while government GFCF surged 54 percent to SR38.3 billion.
Saudi Arabia’s GFCF growth also comes against a broader investment cycle tied to Vision 2030 projects, infrastructure spending and private-sector expansion.
Earlier this month, the International Monetary Fund said the Saudi economy entered 2026 with “strong momentum,” supported by robust non-oil activity and domestic demand, although it expects growth to moderate this year. IMF data also point to investment-linked imports and long-term capital deployment as key features of Saudi Arabia’s medium-term outlook.
