Saudi Cabinet hails economic progress after non-oil activity boost
- Date: 20-Mar-2024
- Source: Arab News
- Sector:Financial Services
- Country:Saudi Arabia
Saudi Cabinet hails economic progress after non-oil activity boost
RIYADH: Saudi ministers hailed the country’s economic progress after last week’s announcement that non-oil activity made up half of the Kingdom’s gross domestic product in 2023.
Meeting for a cabinet session on Tuesday chaired by King Salman in Jeddah, the government said the landmark achievement was in line with the Kingdom’s Vision 2030 objectives to achieve a prosperous economy by diversifying growth sources.
The Ministry of Economy and Planning said on Thursday that non-oil activity contributed to 50 percent to the GDP, the highest level ever. Saudi Cabinet hails economic progress after non-oil activity boost