Saudi Arabia\u2019s economy recorded a strong 4.8% growth in the third quarter, supported largely by expanding non-oil activities and continued momentum across key sectors targeted by the Kingdom\u2019s economic transformation plans. The latest figures highlight the resilience of the national economy and its steady progress toward diversification.<\/p>\n
The non-oil sector was the primary driver of growth, with notable increases in services, manufacturing, and trade. This performance reflects the country\u2019s ongoing shift toward a more diversified and sustainable economic model. Government-related activities also contributed to the positive results, supported by infrastructure projects and strategic investments.<\/p>\n
Meanwhile, the oil sector maintained stable performance as the Kingdom continued its flexible production strategy aligned with global market conditions. This approach helped sustain overall economic balance while contributing to broader efforts to support stability in the global energy market.<\/p>\n
The data also indicate rising levels of investment and capital expenditure across public and private sectors, which fueled growth in construction, transport, and logistics. These trends align with national initiatives aimed at strengthening the business environment, attracting foreign investment, and enhancing global competitiveness.<\/p>\n
Overall, the third-quarter results reinforce Saudi Arabia\u2019s steady progress toward long-term economic goals \u2014 particularly increasing non-oil sector contributions, creating new employment opportunities, and accelerating innovation and digital transformation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Saudi Arabia\u2019s economy recorded a strong 4.8% growth in the third quarter, supported largely by expanding non-oil activities and continued momentum across key sectors targeted by the Kingdom\u2019s economic transformation plans. The latest figures highlight the resilience of the national economy and its steady progress toward diversification. The non-oil sector was the primary driver of growth, with notable increases in services, manufacturing, and trade. This performance reflects the country\u2019s ongoing shift toward a more diversified and sustainable economic model. Government-related activities also contributed to the positive results, supported by infrastructure projects and strategic investments. Meanwhile, the oil sector maintained stable<\/p>\n","protected":false},"author":1,"featured_media":51028,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"Saudi Economy Grows 4.8% in Q3","_yoast_wpseo_metadesc":"Saudi Economy Grows 4.8% in Q3, Driven by Rising Non-Oil Activity .. Saudi Arabia\u2019s economy recorded a strong 4.8% growth in the third","om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12852],"tags":[],"class_list":["post-51027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-finance"],"yoast_head":"\n