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  • 16-02-20

    KSA to record around SAR 310 billion worth of non-oil exports in 2020

    (MENAFN) According to Saleh Al-Sulami, Secretary General of the Saudi Export Development Authority (SEDA), by the end of 2020, KSA is likely to make a value of around SAR 310 billion of non-oil exports.

    As said by Al-Sulami, "this will likely offset the exports' slight decline last year," adding that, SEDA is seeking to grow exports contribution to the gross domestic product (GDP) to 50 percent by 2030, in comparison with 16 percent in 2015 through some programs and initiatives.

    In the first 11 months of 2019, non-oil exports reached about SAR 202.68 billion in comparison with SAR 215.66 billion in year-earlier period.


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