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UAE, Saudi Arabia To Drive Regional Growth Despite Oil Cuts, Conflicts

UAE, Saudi Arabia To Drive Regional Growth Despite Oil Cuts, Conflicts
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UAE, Saudi Arabia to drive regional growth despite oil cuts, conflicts

UAE, Saudi Arabia to drive regional growth despite oil cuts, conflicts
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Middle East economy remains robust, despite oil cuts and geopolitical turbulence, according to PwC s Economy Watch

Middle East economy stays robust despite challenges: PwC

Saudi Arabia Outperforms Goals Outlined in Vision 2030

Saudi Arabia has outperformed some of the goals outlined in Vision 2030, such as female workforce participation which increased to 36 percent, ahead of the 2030 target of 30 percent, according to a recent report by PwC Middle East. The Kingdom’s economic diversification plans are beginning to bear fruit across various sectors, the report said, with the share of the non-oil economy reaching 59 percent, and non-oil GDP increasing in 2022 by 15 percent in actual terms and 28 percent in nominal terms, compared to the pre-Vision baseline.

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