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Saudi Round-Up: New Vision 2030 Milestones
Saudi Arabia's non-oil sector has achieved a historic milestone, comprising 53% of real GDP, find more updates here.
From 28 October to 04 November 2024
This week's Saudi Arabia business roundup highlights significant economic milestones, from exceeding regional headquarters targets to launching major technological partnerships. With non-oil sectors now representing 53% of GDP, record tourism growth, and strategic investments in AI and infrastructure, the Kingdom demonstrates tangible progress in its economic diversification journey.
General Business and Economy
Non-Oil Sector Hits 53% of Saudi GDP For the First Time
Saudi Arabia's non-oil sector has achieved a historic milestone, comprising 53% of real GDP for the first time since Vision 2030's launch.
The Kingdom has witnessed a 70% surge in private non-oil investment and 20% overall economic growth since the reform plan began. Investment licenses have increased by 50%.
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