Saudi society has changed drastically. Can the economy change, too?

Muhammad bin Salman, the crown prince and de facto ruler, often known as MBS, has been trying for a decade to ease Saudi Arabia’s stultifying social strictures and to reduce the economy’s dependence ... Read More

Growth of Non-Oil Sectors Position Saudi Arabia Among Leading Global Economies

Asharq Al Awsat Saudi Arabia’s economy continued its upward trajectory in 2024, solidifying its status as one of the world’s most stable and fastest-growing markets. This momentum is being driven by ... Read More

Saudi Arabia's GDP expands 2.7% in first quarter

By Pesha Magid, Hadeel Al Sayegh and Manya Saini RIYADH/DUBAI (Reuters) - Saudi Arabia’s economy grew in the first quarter, supported by activity in the non-oil sector as the kingdom pushes on with ... Read More

Saudi Arabia’s creator economy surges 32% in Q1 2025, TikTok leads growth: Report

The majority of content creators in Saudi Arabia are male, accounting for 63 per cent, while female creators account for 37 per cent. Image: Shutterstock The Saudi creator economy grew by ... grown by ... Read More

IMF lowers its growth forecast for Saudi economy to 3% in 2025

RIYADH — Saudi Arabia's economy is expected to grow by 3 percent in 2025, the International Monetary Fund (IMF) said in its April report, revising down its previous 3.3 percent estimate. Read More

Saudi space economy reaches $8.7 bn in 2024: CST

It also highlights the rapid growth of the Saudi space economy, which is expected to reach $31.6 billion by 2035, with a compound annual growth rate estimated at 12%, supported by investments in ... Read More

Saudi space economy hits $8.7 billion in 2024

The Communications, Space, and Technology Commission (CST) announced that Saudi Arabia’s space economy reached $8.7 billion in 2024, encompassing all value-added activities and industries driven ... Read More

Saudi jobs: More employees willing to switch in booming hiring market

Last year 51% of professionals in Saudi Arabia got a salary hike ... Businesses point to the kind of economic growth that the Kingdom has been having. "You look at the monthly PMIs (Purchasing ... Read More

'Saudi Arabia plays vital role to strengthen Pakistan’s economy'

The Information Minister said Saudi Arabia always played an important role to strengthen the economy of Pakistan. He said Pakistan welcomes the program of the government of Saudi Arabia to set up oil ... Read More

Saudi Arabia: King Abdullah Port 8th Fastest Growing Port in the World

King Abdullah Port landed the eighth spot among the world’s fastest growing ports ... efforts of the Saudi Customs, the General Directorate of Border Guards, the Economic Cities Authority ... Read More