Saudi Arabia’s economic diversification efforts and the robust expansion of the non-oil sector, in line with its Vision 2030, are set to drive significant economic growth in 2025. First Abu Dhabi Bank, in its latest report, predicts that Saudi Arabia’s non-energy gross domestic product will grow by 4.4% in 2025, up from 3.5% in the previous year. This forecast aligns with a similar projection from PwC, which also expects the non-oil economy to grow by 4.4% this year. In January, the International Monetary Fund projected Saudi Arabia’s overall economy would expand by 3.3% in 2025, with further growth expected at 4.1% in 2026.
In other news, Saudi Arabia’s capital market continues to experience growth, driven by Vision 2030 and a flourishing economic landscape. Speaking with Arab News on the sidelines of the Capital Market Forum in Riyadh, CEO of EFG Hermes Saudi Arabia Saud Al-Tassan highlighted the unique strength of the local market.
Economy, Budgets and Finance
Arab News: Saudi Arabia’s economic diversification to drive robust growth in 2025. Read Here
Arab News: Saudi Arabia’s capital market booms as Vision 2030 fuels IPO surge and foreign investment. Read Here
Arab News: Saudi Arabia’s Vision 2030 driving private equity growth in the GCC. Read Here
The Economic Times: Saudi Arabia unveils currency symbol to promote financial status. Read Here
Government & Royal Family
Alarabiya News: Saudi Crown Prince meets top US diplomat in Riyadh. Read Here
Commercial
Argaam: Saudi Arabia tops MENA for venture capital investment in 2024. Read Here
Reuters: Olam to sell 44.6% stake in agribusiness to Saudi Arabia for $1.8 billion. Read Here
Argaam: Saudi Arabia poised to lead in AI spaces. Read Here
Social
Saudi Gazette: Saudi Arabia celebrates Founding Day on Saturday, marking three centuries of a proud legacy. Read Here
Alarabiya News: Inside Saudi Arabia’s THE LINE. Read Here
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