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  • 25-04-21

    Saudi economy to improve significantly over coming decade

    (MENAFN)Economists estimated that the Saudi economy is going to improve significantly bigger over the next decade with the size of every sector estimated to improve.

    The Kingdom’s finance, insurance, real estate and business sectors are set to increase by 9 percent annually and their relative share to economic activity is going to improve by 12.7 percent.

    A paper titled “Economic Diversification Under Saudi Vision 2030: Sectoral Changes Aiming at Sustainable Growth,” talked about the macroeconomic and structural transformation of the Saudi economy under the Vision 2030 program.

    KASPARC’s researchers in the energy and macroeconomic programs, David Havrlant and Abdulelah Daradary, declared that economic diversification may formulate the Kingdom’s economy more flexible to external demand shocks, aid to offer higher-skilled jobs, and build a knowledge-based economy.

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