Despite the impact of oil production cuts on Saudi Arabia’s GDP, the country remains a strong emerging market in 2024. The growth of its non-oil economy, which is supported by ongoing efforts to diversify the country’s economic activities, is driving this positive outlook.
Eight years ago, Crown Prince Mohammed bin Salman launched the Vision 2030 program, kickstarting a social transformation in the country. This transformation is fueling economic growth beyond the traditional oil sector and providing employment opportunities for the rapidly growing local workforce.
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