{"id":91629,"date":"2024-11-18T00:00:00","date_gmt":"2024-11-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/"},"modified":"2024-11-18T00:00:00","modified_gmt":"2024-11-18T00:00:00","slug":"oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/","title":{"rendered":"Oil production restarts + megaprojects to drive more growth in 2025 -IIF"},"content":{"rendered":"

Oil output hikes are projected to drive 4.8% growth in the Saudi economy in <\/strong>2025<\/strong>, up from 1.1% in 2024, as Opec+ begins phasing out production cuts, Zawya<\/a> reports citing an Institute of International Finance (IIF) report. \u201cWe expect Saudi Arabia\u2019s oil production to increase by 8.4% in 2025, as compared with a cumulative decline of 14.6% in 2023-2024,\u201d the report said. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

At same time, non-oil GDP growth is expected to \u201cremain robust at 4.6%,\u201d<\/strong> as private consumption and large infrastructure investments led by the Public Investment Fund (PIF) and the National Development Fund boost the non-oil sector. Meanwhile, geopolitical turmoil has not had a discernible impact on Saudi\u2019s economic growth, with investments in megaprojects expected to sustain growth over the next two years, the report added. <\/p>\n

Capital outflows are projected to hit USD 80 bn this year<\/strong>, largely on the back of foreign investments by PIF, the IIF noted. The number brings the tally of public foreign assets \u2014 including official reserves and PIF foreign assets \u2014 to USD 1.3 tn, or 117% of GDP. Despite progress on investment reforms intended to lure in foreign investors, including simplified licensing procedures and 100% foreign ownership, FDI figures for Saudi are lower than those of the UAE.<\/p>\n

REMEMBER-<\/strong> The PIF is working to reduce overseas exposure<\/a> from 30% to 18-20%, shifting focus to support domestic diversification projects and encourage co-investment from foreign firms within the Kingdom. The fund has sold down<\/a> big stakes in US equities, including stakes in BlackRock, Carnival, and Live Nation, reducing US-listed holdings to USD 20.6 bn in mid-2024 from USD 35 bn in 2023, the Financial Times<\/a> reports. Additionally, the fund is imposing stricter conditions on external managers and encouraging partnerships aligned with national priorities.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Saudi economy has so far been insulated from surrounding geopolitical turmoil<\/p>\n","protected":false},"author":1,"featured_media":91630,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2571],"tags":[27,10,335,1343,87],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam-ksa","tag-gdp","tag-non-oil-gdp","tag-oil-and-gas","wpautop","entry"],"acf":{"mongo_id":"f27725f1-f973-4e4e-90ee-731725bb7ed2","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/2067.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Oil production restarts and megaproject investments to boost economic growth to 4.8% next year, IIF says","related_issue":[91624],"teaser":"The Saudi economy has so far been insulated from surrounding geopolitical turmoil","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.fcaecd32-6348-47e5-8c41-515df71febba.mp3"},"yoast_head":"\nOil production restarts + megaprojects to drive more growth in 2025 -IIF - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil production restarts + megaprojects to drive more growth in 2025 -IIF\" \/>\n<meta property=\"og:description\" content=\"The Saudi economy has so far been insulated from surrounding geopolitical turmoil\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-18T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Oil production restarts + megaprojects to drive more growth in 2025 -IIF\",\"datePublished\":\"2024-11-18T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/\"},\"wordCount\":304,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ECONOMY\",\"EnterpriseAM KSA\",\"GDP\",\"non-oil GDP\",\"oil and gas\"],\"articleSection\":[\"ECONOMY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/\",\"name\":\"Oil production restarts + megaprojects to drive more growth in 2025 -IIF - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-11-18T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil production restarts + megaprojects to drive more growth in 2025 -IIF\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oil production restarts + megaprojects to drive more growth in 2025 -IIF - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/","og_locale":"en_US","og_type":"article","og_title":"Oil production restarts + megaprojects to drive more growth in 2025 -IIF","og_description":"The Saudi economy has so far been insulated from surrounding geopolitical turmoil","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/","og_site_name":"KSA","article_published_time":"2024-11-18T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Oil production restarts + megaprojects to drive more growth in 2025 -IIF","datePublished":"2024-11-18T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/"},"wordCount":304,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1","keywords":["ECONOMY","EnterpriseAM KSA","GDP","non-oil GDP","oil and gas"],"articleSection":["ECONOMY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/","name":"Oil production restarts + megaprojects to drive more growth in 2025 -IIF - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1","datePublished":"2024-11-18T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/18\/oil-production-restarts-megaprojects-to-drive-more-growth-in-2025-iif\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Oil production restarts + megaprojects to drive more growth in 2025 -IIF"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/2067.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/91629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=91629"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/91629\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/91624"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/91630"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=91629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=91629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=91629"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=91629"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=91629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}