The Public Investment Fund, the main driver for Saudi Arabia ’s economic transformation efforts, said its investments in ...

Saudi Arabia's nearly $1 trillion sovereign wealth fund said on Wednesday artificial intelligence and automation have become embedded across “every layer” of its operation, reshaping not only what it ...

Saudi Arabia's Public Investment Fund (PIF) on Wednesday reported a 25 percent rise in total revenues for 2024 and said its assets under management grew 19 percent to 913 billion U.S. dollars as the ...

Saudi Arabia may be trying to reduce its reliance on oil revenues as part of its Vision 2030 plan for a diversified economy, but it's clear that crude still calls the shots for the world's top ...

RIYADH (Reuters) -Saudi Arabia's economy grew by more than expected in the first quarter of 2025, according to government data estimates, with lower oil prices impacting the economy less than ...

This marks a sharp contrast to 2022, when Saudi Arabia was the G20 group's best performing economy, boosted by an oil price windfall, which allowed it to achieve growth of 8.7% and its first ...

For the first time, non-oil activities now account for 50 percent of Saudi Arabia’s GDP The program has helped drive local employment, providing jobs for over 113,000 Saudi men and women ...

Saudi Gazette reportRIYADH — Saudi Arabia’s digital economy accounted for 15.6% of the Kingdom’s gross domestic product (GDP) in 2023, reflecting a 1.6% increase compared to 2022, according ...

Saudi Arabia’s current account balance recovered to a surplus of $151.5 billion in 2022 from a deficit of $25.5 billion in pandemic-affected 2020, but is forecast to fall again into negative ...

Saudi Arabia's non-oil gross domestic product (GDP) is expected to grow by around 6% this year, the kingdom's finance minister said on Wednesday, adding he expected it would continue to be healthy.

Saudi Arabia’s Ministry of Economy and Planning has revealed that non-oil revenues hit 50% of the Kingdom's GDP in 2023. The country’s non-oil economy was valued at 1.7 trillion Saudi Riyals ...