Alibrahim on Saudi Arabia's GDP Growth

Saudi Arabia’s Economy Minister Faisal Alibrahim told Bloomberg’s Joumanna Bercetche that the Kingdom expects total GDP growth of 4.8–5.1% in 2025 and 6.5% in 2026. He highlighted that non-oil activities now make up 56% of real GDP — surpassing oil and government sectors for the first time. Alibrahim emphasized that Vision 2030 aims to reduce dependence on oil and government spending by fostering private sector innovation, productivity, and technological advancement, particularly in AI, healthcare, energy, and defense. He noted that some mega-project targets have been achieved early, such as some tourism targets met seven years ahead of schedule. (Source: Bloomberg)