15 Hrs
Source:
الاقتصادية
Saudi economy shows strong resilience
Saudi Deputy Minister of Finance Abdul Mohsen Al-Khela emphasized that the Saudi economy has demonstrated exceptional resilience in the face of current challenges. This is thanks to reform efforts linked to Vision 2030, which have helped diversify sources of income and strengthen the economic infrastructure. He noted that the non-oil sector now accounts for 55% of the economy, with non-oil revenues reaching 500 billion Riyals—a historic high never before achieved in the Kingdom. The unemployment rate has also decreased to 6%, marking the lowest level ever. Al-Khela affirmed that reforms have strengthened the structure of the Saudi economy and aided in facing economic shocks, while emerging sectors such as tourism, technology, and artificial intelligence are beginning to grow, contributing to expanding the economic base and increasing non-oil revenues.
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