RIYADH, Jan 31 (Reuters) - Foreign direct investment (FDI) net inflows into Saudi Arabia recorded 11.4 billion riyals ($2.93 billion) in the third quarter of 2023, down 10% from the second quarter, government data showed on Wednesday.

FDI totaled 7.2 billion riyals in the third quarter of 2022, the investment ministry said last year, before adopting a new methodology for FDI calculations. ($1 = 3.7501 riyals) (Reporting by Pesha Magid, Rachna Uppal; Editing by Kim Coghill)