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Al Riyad Capital forecasts 7.8% Saudi growth in 2027
Al-Riyad Financial expects the Saudi economy to grow by up to 7.8% in 2027, compared to 0.2% this year. This growth is supported by surpassing oil production of 10 million barrels per day and the development of the East-West pipeline, which enhances export capabilities. Additionally, non-oil growth remains limited and continues to be linked to the performance of the oil sector, which is the main driver of Saudi economic growth. Meanwhile, the digital sector's economy has increased by over 75%, reaching 522 billion Riyals (139.2 billion USD), indicating its expanding contribution to the national economy.
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