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AI + Innovation (MENA) 
Logistics (MENA) 
Saudi CEOs are expecting better returns in the short run, citing an optimistic economic outlook
74% of the respondents are likely to up their talent acquisition by 5% or more in the next 12 months
Saudi Arabia among top 10 retail markets in emerging economies
Non-cash retail transactions rose to 62% in 2022, up from 16% in 2016
Inflation slightly up 1.6% in January, backed by rents
Rent continues to drive the trend upwards
Budget deficit for FY 2023 is better than FinMin had forecast
This is slightly narrower than government projections of SAR 82 bn
PMI remains in growth territory despite slowest rate of expansion in two years
Purchase prices recorded the sharpest rise since May 2012
Fitch affirms Kingdom’s A+ credit rating, sees private-sector growth at 4.5% in 2024-2025
Fitch also cited “significant fiscal buffers” in deposits and other public sector assets
The economy closed 2023 in contraction, shrinking 3.7% in 4Q
Non-oil activity expanded at 2.6% q-o-q in 4Q 2023
IMF trims the Kingdom’s growth outlook
The IMF expects non-oil growth to “remain robust” despite downward revision for GDP growth
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