Saudi Arabia's economic strength to grow 60% by 2030

Saudi Arabia's economic strength to grow 60% by 2030

Posted on September 30, 2022 |

Saudi Arabia’s gross domestic product will be 60% more resilient to shocks, including instabilities in oil prices, by 2030.
The economic reforms of Vision 2030 will make household spending in Saudi Arabia 40% less weak to fluctuations, which will stabilize economic activity, and increase employment rates, per capita income, and social welfare levels.
Vision 2030 implemented many structural reforms, which increased flexibility and reduce the impact of price fluctuations on the Saudi economy.
The Kingdom will increase its oil production capacity by 1 million barrels per day in the coming years and will continue to benefit from the reforms implemented in 2016 to enhance the business environment and strengthen the private sector.

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