Saudi's non-oil economy and diversified development

Saudi Arabia's economy expanded by 1.3% in 2024, driven by robust non-oil sector and government activities, according to data from the General Authority for Statistics (GASTAT). 

Non-oil GDP grew by 4.3% and government activities rose by 2.6%.

The expansion is part of a massive economic build-up as the government invests billions in developing new industries to lure private and international businesses to its shores.

Source: SAB