Economy

The Saudi economy grew 3.2% in 2021

Non-oil activities grew 5.1% in Q4 year on year

Annual inflation in Saudi Arabia rises to 1.6 percent in February

This is attributed to the 4.3% increase in transportation prices

Saudi Crown Prince launches SAR570 bn National Development Fund strategy

An integrated financial institution towards achieving "Vision 2030"

“International Defense Exhibition” helps achieve Saudi Vision 2030

Anticipation of an economic contribution reaching $186.6 million

Saudi Arabia a natural “incubator” for startups

SMEs among the most important drivers of economic growth

Saudization aims include more Saudi women workforce participation

The number of Saudis in the labor market reached over 1.9 million

Transportation prices raise annual inflation in Saudi to 1.2%

Saudi expects an inflation rate of 1.3% in 2022, and 2% in 2023 and 2024

Saudi’s Crown Prince transfers 4% of Aramco shares to PIF

Transfer part of Saudi's long-term strategy to restructure its economy

What does Moody’s giving the PIF an A1 rating mean?

The fund's assets increased to $412 billion in 2020 from $152 billion in 2015

Saudi economy sees highest growth in 9 years

Q3 growth at 7% YoY, beating estimates