Saudi economy sees strong, reassuring growth, says Al-Jadaan

Finance Minister Mohammed Al-Jadaan

Finance Minister Mohammed Al-Jadaan said Saudi Arabia's economy is experiencing exceptional, sustainable, and reassuring growth, with increasing diversification into new and promising sectors.

On the sidelines of the FII PRIORITY Miami 2025, Al-Jadaan told Asharq Business that non-oil GDP grew at the highest pace in two years during the last quarter of 2024.

He expects non-oil growth to continue at a similar or slightly higher pace in 2025, citing Ministry of Economy forecasts of over 4.4% growth.

Al-Jadaan highlighted the transformative changes in Saudi Arabia’s economic structure, underscoring the importance of global investment events like the FII PRIORITY in attracting foreign investments.

He also noted that Saudi Arabia’s global influence has grown politically and economically over the past decade, stressing that supporting low-income Arab economies should be a shared international responsibility, rather than solely relying on the Kingdom.