Alibrahim on Saudi Arabia's GDP Growth

Bloomberg•Thursday, October 30, 2025 at 2:57:10 PM

Saudi Arabia's Economy Minister Faisal Alibrahim recently shared optimistic projections for the Kingdom's GDP growth, expecting an increase of 4.8–5.1% in 2025 and 6.5% in 2026. This marks a significant shift as non-oil activities now account for 56% of the real GDP, surpassing traditional oil and government sectors for the first time. Alibrahim highlighted the importance of Vision 2030, which aims to diversify the economy by promoting private sector innovation and technological advancements, especially in AI. This transition is crucial for reducing the Kingdom's reliance on oil and fostering sustainable economic growth.

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