KSA, 4 February , 2025 : Non-oil activities accounted for 52% of Saudi Arabia’s real GDP in Q3 2024, driven by private sector investment and exports, Finance Minister Mohammed Al-Jadaan announced.
Speaking at the Saudi-German roundtable in Riyadh on Sunday, Al-Jadaan highlighted the Kingdom’s rapidly growing capital markets and its strong financial position, citing a low debt-to-GDP ratio and steady non-oil revenue growth.
He emphasized Germany’s role as a key economic partner, with trade ties strengthened by Saudi imports of German goods and machinery. Discussions focused on economic collaboration in renewable energy, petrochemicals, mining, AI, infrastructure, and tourism.
Officials from the Ministry of Investment, the National Center for Privatization, and the Financial Sector Development Program outlined investment opportunities, reinforcing Saudi Arabia’s Vision 2030 goals for economic diversification.
Source : www.zawya.com
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