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Saudi Round-Up: Investment Boost for Tourism and Construction
This week's Saudi Arabia business roundup highlights major developments in technology and economic growth
From 11 November to 18 November 2024
This week's Saudi Arabia business roundup showcases the Kingdom's expanding global partnerships and infrastructure development. Notable achievements include significant reserve asset growth, landmark international partnerships, and progress in major development projects across the country.
General Business and Economy
Saudi Non-Oil Economy Set for 4.4% Growth in 2025
Saudi Arabia's economic diversification continues to show strong results, with PwC projecting 4.4% non-oil growth for 2025. The Kingdom demonstrated robust performance in 2024, with the non-oil private sector expanding 4.9% in Q2. Key sectors driving growth include trade and hospitality at 6.4%, transport and communications at 4.8%, and finance at 3.8%.
Saudi Arabia, UAE Lead MENA's $71B M&A Market in 2024
Saudi Arabia and the UAE dominated the MENA region's merger and acquisition activity, securing 239 deals worth $24.5 billion in the first nine months of 2024.
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