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Saudi Arabia's Finances Boosted by Spending Flexibility
Standard & Poor's credit rating agency announced that Saudi Arabia has maintained its credit rating at "A+" with a stable outlook, due to its financial resilience and ability to absorb shocks resulting from regional geopolitical tensions. The reports pointed out that Saudi Arabia benefits from a flexible energy infrastructure, with significant capacity for oil storage and refining, as well as record-high foreign exchange reserves that support economic stability. Additionally, figures showed that the non-oil sector has grown to approximately 70% of the gross domestic product, with expected economic growth ranging from 8.2% in 2027 to 3.3% in the following years, thereby strengthening Saudi Arabia's position as a safe and attractive financial haven for investment.
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