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Saudi Arabia's GDP shrinks 0.8% in 2023, oil sector weighs

Saudi Arabia's GDP shrinks 0.8% in 2023, oil sector weighs
gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.

Saudi-arabia , Saudi , Mohammed-al-jadaan , International-monetary-fund , Public-investment-fund , Authority-for-statistics , General-authority , Finance-minister-mohammed-al-jadaan , Saudi-capital-markets-forum ,

Saudi Arabia's Non-oil Activities Grow by 4.4% in 2023

The Saudi non-oil economy continues to grow at a rapid pace, achieving an increase of 4.4 percent in 2023, amid expectations that it will accelerate to more than 5 percent in the next two years. In parallel, the decline in oil activities by 9 percent last year led to a contraction in real GDP by 0.8 percent. In February, Finance Minister Mohammed Al-Jadaan expected the Kingdom’s non-oil GDP to grow by more than 4 percent, and to exceed 5 percent in the medium term.

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Saudi Arabia expects more than 5% medium-term non-oil growth, minister says

Saudi Arabia's non-oil growth
is expected to come in above 5% in the medium term, Finance
Minister Mohammed Al Jadaan said on Monday, slightly lower than
the 6% figure previously projected.
...
-February 19, 2024 at 03:42 am EST
- MarketScreener

Saudi-arabia , Riyadh , Ar-riya- , Saudi , Gareth-jones , Jason-neely , Alexander-cornwell , Mohammed-al-jadaan , Pesha-magid , Reuters , Saudi-capital-markets-forum , Finance-minister-mohammed-al-jadaan

Saudi Arabia Expects More than 5% Medium-Term Non-Oil Growth, Minister Says

Saudi Arabia's non-oil growth is expected to come in above 5% in the medium term, Finance Minister Mohammed Al Jadaan said on Monda. "If you look at the non-oil GDP, it is growing at very healthy numbers: 4% and north of 4%. We are expecting 5%-plus in the medium term," Jadaan told delegates at the Saudi Capital Markets Forum in Riyadh. The world's top oil exporter is accelerating plans to diversify its economy away from oil under its Vision 2030. It aims to develop sectors such as tourism and industry, expand the private sector and create jobs.

Saudi-arabia , Riyadh , Ar-riya- , Saudi , Mohammed-al-jadaan , Saudi-capital-markets-forum , Finance-minister-mohammed-al-jadaan ,

Saudi Arabia's GDP has 'nearly doubled' since 2016

Saudi Arabia's Minister of Investment, Khalid Al-Falih shared these milestones at the third Saudi Capital Market Forum in Riyadh on February 19

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Al-Jadaan: Saudi Arabia has no intention to impose income tax on individuals

Al-Jadaan: Saudi Arabia has no intention to impose income tax on individuals
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Saudi Arabia renews call for immediate ceasefire in Gaza

Deputy Minister of Foreign Affairs Eng. Waleed Al-Khereiji underscored Saudi Arabia’s firm stance against the Israeli aggression on the Gaza Strip.

Gaza , Israel-general- , Israel , Saudi-arabia , Alula , Saudi-arabia-general- , Mohammed-al-jadaan , Ministry-of-islamic-affairs , Finance-minister-mohammed-al-jadaan , Islamic-affairs , Palestinian-red

Saudi Plans To Recycle 95 Percent Of The Country's Waste

Saudi Plans To Recycle 95 Percent Of The Country's Waste
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Saudi Arabia issues $12bn international bonds as it seeks to diversify funding

Saudi Arabia issues $12bn international bonds as it seeks to diversify funding
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