Jadwa projects 1.2T riyals revenue
According to Jadwa Investment, economic growth in Saudi Arabia is expected to regain momentum in 2027, supported by an increase in oil production to an average of 10.4 million barrels per day. The forecast also predicts that the Brent crude oil price will reach $84 per barrel in 2026, which will boost oil revenues to approximately 700 billion riyals compared to 610 billion riyals in the previous year. Additionally, projections indicate a reduction in the budget deficit to 5% of GDP, a rise in foreign reserves, and an increase in non-oil GDP growth to around 5% in 2027. These developments reflect the strength and sustainability of the Saudi economy.
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