Saudi Arabia’s non-oil economy to grow 4.4% in 2025: PwC

Nov 19, 2024 · RIYADH: Saudi Arabia’s non-oil economy is expected to grow by 4.4 percent in 2025 as the Kingdom continues its path toward economic diversification, according to a new analysis. In its latest report, professional services firm PwC Middle East said Saudi Arabia is …

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Saudi Arabia’s Non-oil Economy To Grow 4.4% In 2025: PwC

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Saudi Arabia Integrates Economic Diversification With ... - PwC

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Oct 27, 2024 · The non-oil private sector grew by 4.9% in Q2, the strongest in a year, driven by sectors such as trade and hospitality. With major projects, such as Riyadh Metro, set to launch …

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Saudi Arabia’s Non-oil Economy To Grow 4.4% In 2025: PwC

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Nov 18, 2024 · In October, Moody’s projected that Saudi Arabia’s non-hydrocarbon real GDP would grow by 5 percent to 5.5 percent from 2025 to 2027, driven by increased government …

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Saudi Arabia’s Non-oil Economy To Grow 4.4% In 2025: PwC

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Nov 17, 2024 · The International Monetary Fund also projected Saudi Arabia’s economy to grow by 4.6 percent in 2025, largely driven by the Kingdom’s diversification strategy and the …

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Saudi Arabia’s Non-oil Economy To Grow 4.4% In 2025: PwC

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Nov 17, 2024 · Get the latest breaking news and headlines from the largest Arab News website. Get world news, sport news, business news, entertainment, lifestyle, video and photos.

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Saudi Arabia’s Non-Oil Economy Poised For 4.4% Growth By 2025

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Nov 19, 2024 · Saudi Arabia’s non-oil economy is forecasted to grow by 4.4% in 2025 as the Kingdom accelerates its Vision 2030 agenda to diversify from oil reliance, according to a PwC …

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Saudi Arabia’s Non-oil Economy To Grow 4.4% In 2025: PwC｜Arab …

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Nov 18, 2024 · RIYADH: Saudi Arabia’s non-oil economy is expected to grow by 4.4 percent in 2025 as the Kingdom continues its path toward economic diversification, according to a new …

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Saudi Arabia’s Non-Oil Economy To Grow 4.4% In 2025: PwC

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Nov 18, 2024 · RIYADH: Saudi Arabia’s non-oil economy is expected to grow by 4.4 percent in 2025 as the Kingdom continues its path toward economic diversification, according to a new …

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‎Saudi Arabia’s Non-oil Economy To Grow By 4.8% In 2025: Minister

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Jan 21, 2025 · ‎ Saudi Arabia expects its non-oil economy to grow by 4.8% and 6.2% in 2025 and 2026, ... During a seminar entitled “Future of Global Economic Growth” at the Davos …

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Saudi Arabia Says GDP Grew 1.3% In 2024, Lifted By Non Oil Sector

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4 days ago · The International Monetary Fund (IMF) has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended oil production cuts, while also trimming its …

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Saudi Arabia’s Non-oil Economy To Grow 4.4% In 2025: PwC

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Nov 17, 2024 · Saturday . December 14, 2024 . Search form. Search

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Saudi Arabia’s Non-oil Economy To Grow 4.4% In 2025: PwC

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RIYADH: Saudi Arabia’s non-oil economy is expected to grow by 4.4 percent in 2025 as the Kingdom continues its path toward economic diversification, according to a new analysis. In its …

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Non-oil Activities Account For 52% Of Saudi Arabia’s GDP In

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1 hour ago · RIYADH — Finance Minister Mohammed Al-Jadaan stated that non-oil activities accounted for 52% of Saudi Arabia’s real GDP in the third quarter of 2024, driven by private …

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Saudi Arabia’s Non-oil Economy To Grow 4.4% In 2025: PwC

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Nov 17, 2024 · RIYADH: Saudi Arabia’s non-oil economy is expected to grow by 4.4 percent in 2025 as the Kingdom continues its path toward economic diversification, according to a new …

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Saudi Arabia’s Non-oil GDP Expected To Grow 5.5% From 2025 To …

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Oct 3, 2024 · RIYADH: Saudi Arabia’s non-hydrocarbon real gross domestic product is set to grow between 5 and 5.5 percent from 2025 to 2027, driven by increased government …

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Saudi Economic Growth To Accelerate To 4.7% In 2025: Moody’s

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Nov 20, 2024 · In September, S&P Global forecasted Saudi Arabia’s economy to grow by 1.4 percent in 2024 and 5.3 percent in 2025, driven by the Kingdom’s diversification strategy. …

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Saudi Arabia’s Natural Gas Output To Grow By 4% In 2025: IEA

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Jan 21, 2025 · RIYADH: Saudi Arabia’s natural gas production is projected to rise by 4 percent in 2025, driven by the planned start-up of key projects, including Jafurah Phase 1 and Tanajib, …

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FAQs about Saudi Arabia’s non-oil economy to grow 4.4% in 2025: PwC Coupon?

Will Saudi oil production Rebound in 2024?

In response, Saudi Arabia and its peers postponed the taper of their voluntary cut by two months until December.2 Assuming the current schedule is followed, Saudi production in 2024 will be about -7% lower than in 2023 and will then rebound by 7% in 2025. The oil sector remains the key driver of the fiscal balance. ...

Does Saudi Arabia have a sustainable future?

As this report has outlined, Saudi Arabia has made significant advances in sustainability across various sectors, with plans to accelerate progress in the final years of Vision 2030. which would create hundreds of thousands of jobs in sectors ranging from manufacturing to tourism, and make a significant contribution to the non-oil economy. ...

Will Saudi Arabia continue to supply hydrocarbons?

In the hydrocarbons sector, Saudi Arabia anticipates that there will continue to be substantial global hydrocarbon demand for decades and that supplying it will remain the mainstay of the economy, even as it diversifies. ...

How did oil cuts affect Saudi economy in 2023?

The Saudi economy contracted 0.8% in 2023 as oil production cuts and lower oil prices hit growth in the world's biggest crude exporter. Extended cuts to oil production among the OPEC+ member states, of which Saudi Arabia is a top member, have continued to weigh on GDP growth in the kingdom. ...

How much growth does Saudi Arabia have in 2024?

It had estimated 2024 growth for the Gulf state at 1.4%, above the Saudi government's own estimate of 0.8%. "We need to be careful when we look at GDP as a measure for growth, because you need to look at other indicators," Finance Minister Mohammed al Jadaan said during the World Economic Forum in Davos earlier this month. ...

How did Saudi economy perform in 2024?

Non-oil growth vastly outperformed overall GDP in 2024 as well, increasing 4.3% while oil activities declined 4.5% and government activities grew 2.6%. The Saudi economy contracted 0.8% in 2023 as oil production cuts and lower oil prices hit growth in the world's biggest crude exporter. ...