RIYADH: Saudi Arabia drew SR358.2 billion ($95.4 billion) in fixed capital investment in the first quarter of 2026, up 5.1 percent from the previous year, as government and private-sector funding continued to boost economic growth, according to official figures.
According to the Ministry of Investment’s May 2026 economic statistics report, the non-government sector remained the most important source of investment, accounting for roughly 89 percent of total gross fixed capital formation for the quarter.
Non-government GFCF was SR319.9 billion in the first quarter, up 1.3 percent from the previous year, while government GFCF increased 54 percent to SR38.3 billion. Saudi Arabia’s GFCF growth coincides with a broader investment cycle driven by Vision 2030 programs, infrastructure spending, and private-sector expansion.
Earlier this month, the International Monetary Fund stated that the Saudi economy entered 2026 with “strong momentum,” aided by healthy non-oil activities and domestic demand, albeit growth is expected to slow this year. The IMF also identifies investment-linked imports and long-term capital deployment as crucial elements of Saudi Arabia’s medium-term prospects.
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