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How Saudi Arabia could be affected by Opec+’s decision to ramp up production in April
Oil prices slid following Opec+’s decision, raising questions over the Kingdom’s likelihood of sticking to output hikes
Real GDP grows 1.3% y-o-y in 2024
Driven by a 4.3% increase in non-oil activities and a 2.6% growth in gov’t activities
Non-oil economy expected to maintain growth above 4% in 2025: NBK
Official preliminary estimates show that the sector’s share of GDP hit a record high of 51% in 2024
Non-oil private sector expansion slows in February
The PMI headline figure came in at 58.4 in February, dipping down from the over decade-high reading of 60.5 in…
Inflation at 1.9% y-o-y in 4Q 2024 -Sama
Rent is the main culprit
Non-oil exports up 8.2% in 4Q 2024
Oil’s share of total exports dropped to 70.5%
FAB, BMI put in their predictions for the Kingdom’s growth prospects in 2025
The Kingdom’s performance would place it as the second-best performing economy in GCC
GCC to see 3.5% GDP growth in 2025 -Emirates NBD
Non-oil sector growth in the UAE and Saudi Arabia is set to lead the growth in the bloc
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