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2026-10-16T14:44:05.341Z

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OIC Secretary-General Highlights Saudi Economy Resilience

OIC Secretary-General Highlights Saudi Economy Resilience

The Secretary-General of the Organization for Economic Cooperation and Development (OECD) affirmed that Saudi Arabia's economy is more resilient than most countries in the region, thanks to diversified oil export sources and broad economic reforms, which enhance its ability to withstand energy shocks. The organization anticipates that the Saudi economy will grow by approximately 4% in 2027, noting that this recovery depends on the resolution of the Middle East conflict. However, there is a warning that ongoing tensions or prolonged high energy prices could limit this growth. He also pointed out that the surge in investment in artificial intelligence presents a significant opportunity for productivity gains, although there are risks of market corrections if the expected results are not achieved.

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