The Saudi economy grew in the fourth quarter of last year at the fastest pace since 2022 as the non-oil sector expanded as part of the government's multibillion-dollar strategy to diversify sources of income away from oil.
Preliminary government estimates showed a return to growth in 2024, with real GDP up about 1.3 percent compared to the previous year, with the non-oil sector supporting GDP. Gross domestic product rose 4.4 percent in the fourth quarter of 2024 year-on-year, the highest quarterly growth rate in two years, supported by non-oil activities that grew 4.6 percent.
Source (Al-Arab Newspaper of London, Edited)
