13 Hrs
Source:
الاقتصادية
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Saudi Economy Remains Resilient
The Saudi Council of Economic and Development Affairs stated in its monthly report that the national economy demonstrates resilience and strength in facing global and regional challenges. The private sector continued to grow, with the Purchasing Managers' Index (PMI) at 53.8 points in August 2026, and business confidence rose to 56.7 points. Additionally, reports on the performance of Saudi Vision 2030 indicate that developmental transformation efforts have successfully diversified the economic base, increased the contribution of non-oil activities, and expanded the role of the private sector. Notable achievements include surpassing targets related to local content and gross domestic product (GDP). Government support programs like "Haqod" (Citizen Account) also reflect ongoing efforts to sustain social protection and bolster the national economy.
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