Saudi Finance Minister Foresees 6% Growth in Non-Oil Sector for 2023

During the Future Investment Initiative (FII) conference in Riyadh, Saudi Arabia’s Finance Minister, Mohammed al-Jadaan, disclosed a projected 6% growth in the non-oil sector for 2023. This announcement reflects both economic robustness and Saudi Arabia’s committed effort to reduce reliance on oil and advance economic diversification.

Discussing the economic future of Saudi Arabia necessitates addressing the prominent factor: the global energy transition. This growth is more than just a statistic; it is the heartbeat of Saudi Arabia’s Vision 2030, a blueprint for a future where hydrocarbons do not single-handedly dictate the economic rhythm.

Source: bnn.netwoork