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A brighter outlook
The non-oil economy is forecasted to grow at a 4.8% clip in 2024, up from 4.4% in 2023
Non-oil exports dropped a bit more than 5% in 1Q 2024
Imports rose 6.4% y-o-y in 1Q.
Moody's gives the Kingdom’s local and foreign currency rating a boost to Aa1
All thanks to improved government decision-making and institutional reforms
PIF to “reorganize management,” review McKinsey and BCG contracts, Reuters says
Rationalizing spending on lucrative consultancy contracts
Inflation was unchanged in April 2024
Producer prices rose 3.4% y-o-y last month
Saudi Great Futures day 1: UK + Saudi business ties in the spotlight
Trade exchange between the two countries has surpassed the GBP 17 bn mark in FY 2023
No overheating
Al Jadaan said he was positive on plans remaining on track despite higher spending to implement projects
Gov’t debt is still on a “benign” trajectory, S&P says
Saudi’s debt-to-GDP ratio is expected come at 26% in 2027
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