GDP
The non-oil GDP stood at $340.3 billion, up 6.2 percent compared to 2022
Oil production remains crucial in shaping the GCC region's fiscal and external balances
Brent oil futures for July delivery held steady at $83.61 per barrel
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
Projections suggest that the number of job opportunities will increase to 833,000 in 2024
The rating reflects the government's significant progress in implementing a broad-based reform agenda since 2016
Al Khateeb outlines plans to add over 250,000 hotel rooms, attract young Saudis to the industry
Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023
In 2023, the UAE's economy grew by 3.6 percent, in line with the bank's forecasts
China accounted for three-quarters of the total investments in this field, according to the report
ECI covered 3.1 percent of UAE’s non-oil exports of $120 billion in 2023
