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Logistics (MENA) 
Saudi GDP shrinks, but at a slower pace than initially thought
PLUS: PIF-backed Jadwa Investment is launching its first regional blind-pool PE fund this year
Non-oil private sector activity grew even as demand momentum slows
New orders settled at 59.5 down from 61.0 in April
FDI inflows tick up in 4Q 2023
Investment volume is down so far in 2024
State budget closes FY 2023 in deficit
The Kingdom saw its total revenues rise 7.3% to reach SAR 1.2 trn
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
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