stoking growth

Foreign direct investment in Saudi Arabia bounces back

The kingdom has been prodding trade partners to invest more heavily amid low oil prices that have led to growing budget deficits

Wang Dongzhen/Xinhua via Getty Images

Saudi Minister of Investment Khalid al-Falih is being replaced by Fahad al-Saif

Saudi Arabia appears to be rebounding from a slowdown in foreign investment that has strained government budgets and forced cuts in some of the kingdom’s most ambitious construction projects.First-quarter figures released on Sunday showed that inflows of foreign direct...