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Saudi economy shows resilience amid challenges
The International Monetary Fund has confirmed that the Saudi economy demonstrated remarkable resilience in facing regional challenges and geopolitical tensions during 2026. Despite a 24.8% decline in oil production and trade disruptions, the Saudi economy managed to maintain strength through diversified infrastructure, alternative oil transportation routes, and rising financial reserves, which reached approximately $465.7 billion by the end of September 2026. Additionally, foreign direct investment flows increased by 33.5% in 2025, reaching around $42.4 billion, with the non-oil private sector continuing to grow. Although the real GDP contracted by 4.7% in the second quarter of 2026, the non-oil sector posted a growth of 0.9%. The IMF forecasts a return to 7.9% growth in 2027, following a projected 3.3% contraction in 2026 due to production disruptions and ongoing challenges. However, economic policies and infrastructural investments have contributed to strengthening stability and economic diversification within the kingdom.
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