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2026-10-06T14:41:35.697Z

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Moody's: Saudi Economy Bolstered by Asset Strength

Moody's: Saudi Economy Bolstered by Asset Strength

Moody's agency has forecasted that the Saudi economy will continue to perform strongly over the next two years, supported by the robustness of government financial assets, sustained investments, and vigorous growth in non-oil activities. The agency noted that financial assets, including the Public Investment Fund, will amount to approximately 18% of GDP by the end of 2025, strengthening the government's capacity to withstand financial pressures and support the economy. The report anticipates real GDP growth to reach around 8.5% next year, primarily driven by the non-oil sector, with ongoing momentum in investments aimed at reducing dependence on oil and diversifying income sources as part of Vision 2030. Additionally, the agency highlighted that foreign exchange reserves and deposits at the central bank enhance the kingdom's resilience against economic fluctuations. Saudi Arabia continues to implement an expansionary budget with record-breaking expenditures to support growth and services, while increasing revenues through diversification of sources.

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