Saudi non-oil revenues reach 500 billion

Non-oil revenues in Saudi Arabia reached approximately 500 billion riyals (133.3 billion dollars), with the contribution of non-oil activities increasing to about 55% of the economy, according to Deputy Finance Minister Abdulmalik Al-Sabyan. The unemployment rate among Saudis decreased to 6%, marking an all-time low, reflecting progress in strengthening the labor market and achieving economic diversification within Saudi Arabia’s Vision 2030. He emphasized that reforms and economic diversification have contributed to reducing reliance on oil revenues, thereby enhancing financial sustainability and long-term economic growth.

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