KSA Business: Saudi economy now stronger than ever: minister – Gulf Digital News

KSA Business: Saudi economy now stronger than ever: minister – Gulf Digital News

Saudi Arabia’s economy, in spite of the several challenges the world has faced over the past few years, has emerged stronger than ever, as the non-oil economy grew by 5.4% in the second quarter of 2022 in real terms compared to the same period in the previous year, said Mohammed Al-Jadaan, the Minister of Finance of Saudi Arabia.

He was speaking at the Euromoney Saudi Arabia Conference, which took place today in partnership with the Financial Sector Conference. Over 1,500 people from 30 countries had registered to attend the event.

With 2022 shaping up to be a tough year for the global economy the event sought to analyse Saudi Arabia’s economic performance and its future strategies.

Held under the patronage of Mohammed Al-Jadaan, the event focused on “The Institutionalization of Investment and Finance”.

It provided a platform for senior policy makers, financiers and investors to network and exchange ideas while addressing a range of issues.

These included the discussion of topics such as: “Saudi Arabia’s economy in the context of the global macro outlook”, “ESG and climate change: Does ESG matter in Saudi?”, “The institutionalisation of the real estate market – housing, logistics, tourism, hospitality and revitalisation of REITS”, “The digitalisation of financial services and