Saudi’s economic transformation collides with war and falling FDI

Saudi Arabia's economic transformation is facing challenges due to the war in Yemen and a decline in foreign direct investment (FDI).

The Fortune Gulf Brief reports that FDI inflows into Saudi Arabia fell by 70% in the first half of 2022 compared to the same period last year.

The war in Yemen, now in its eighth year, has led to a humanitarian crisis and has had a significant impact on the Saudi economy.

The Saudi government has been implementing reforms to diversify its economy away from oil, but these efforts have been slowed by the war and the global economic downturn.