{"id":46331,"date":"2025-06-09T18:37:34","date_gmt":"2025-06-09T15:37:34","guid":{"rendered":"https:\/\/thesauditimes.net\/en\/?p=46331"},"modified":"2025-06-09T18:37:34","modified_gmt":"2025-06-09T15:37:34","slug":"non-oil-sector-powers-saudi-arabias-gdp-growth-to-3-4-in-q1-2025","status":"publish","type":"post","link":"https:\/\/thesauditimes.net\/en\/non-oil-sector-powers-saudi-arabias-gdp-growth-to-3-4-in-q1-2025\/","title":{"rendered":"Non-Oil Sector Powers Saudi Arabia\u2019s GDP Growth to 3.4% in Q1 2025"},"content":{"rendered":"

Saudi Arabia\u2019s economy posted a 3.4% GDP growth in the first quarter of 2025, with the non-oil sector emerging as the primary growth driver, signaling continued progress in diversifying the Kingdom\u2019s economic base.<\/p>\n

According to newly released data, the non-oil sector grew by an impressive 5.6% year-on-year, fueled by robust activity in manufacturing, financial services, transportation, and trade.<\/p>\n

In contrast, the oil sector experienced a slight 1.8% contraction, reflecting the Kingdom\u2019s ongoing commitment to production cuts aimed at maintaining global market stability.<\/p>\n

 <\/p>\n

\"Non-Oil
Non-Oil Sector Powers Saudi Arabia\u2019s GDP Growth to 3.4% in Q1 2025<\/figcaption><\/figure>\n

 <\/p>\n

This strong non-oil performance underscores the success of Vision 2030 initiatives in fostering economic diversification and reducing reliance on hydrocarbons.<\/p>\n

It also highlights the positive impact of structural reforms that have improved the business environment and stimulated both domestic and foreign investment.<\/p>\n

Looking ahead, the Kingdom\u2019s economy is expected to maintain its growth momentum, supported by rising investment opportunities and the expansion of major projects across various sectors\u2014strengthening Saudi Arabia\u2019s long-term economic resilience amid global challenges.<\/p>\n

Read More: Saudi Ports Record 13% Surge in Container Throughput in May: Mawani<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Arabia\u2019s economy posted a 3.4% GDP growth in the first quarter of 2025, with the non-oil sector emerging as the primary growth driver, signaling continued progress in diversifying the Kingdom\u2019s economic base. According to newly released data, the non-oil sector grew by an impressive 5.6% year-on-year, fueled by robust activity in manufacturing, financial services, transportation, and trade. In contrast, the oil sector experienced a slight 1.8% contraction, reflecting the Kingdom\u2019s ongoing commitment to production cuts aimed at maintaining global market stability.     This strong non-oil performance underscores the success of Vision 2030 initiatives in fostering economic diversification and<\/p>\n","protected":false},"author":1,"featured_media":46333,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"Non-Oil Sector Powers Saudi","_yoast_wpseo_metadesc":"Non-Oil Sector Powers Saudi Arabia\u2019s GDP Growth to 3.4% in Q1 2025 .. 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