Key Insights
Non-oil sectors now account for over 50% of Saudi Arabia's GDP, marking a significant shift from oil dependency.
The Kingdom aims to add 20GW of renewable energy capacity annually, targeting 130GW by 2030, with plans to export up to 150GW of green electricity.
Record non-oil exports reached $137 billion in 2024, a 13% increase from the previous year, reflecting successful diversification strategies.
AI Analysis
Saudi Arabia's economic diversification is on track to significantly reduce oil dependency, with non-oil sectors projected to contribute over 50% of G...
Market Outlook
Short-Term
In the short term, the Kingdom's focus on infrastructure projects and renewable energy investments is expected to stimulate economic activity and attract foreign direct investment.
Long-Term
Recent News
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