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Saudi Arabia Seeks to Invest $1 Trillion, Attract 100 Mn Visitors by 2030

Saudi Arabia participated in the 2023 SelectUSA Investment Summit to promote investment and exports, with a large delegation of 75 businessmen, heads of companies, government officials, and representatives from energy, tourism, and foreign trade ministries. The summit concluded on Friday and brought together over 4,900 people from 88 countries. ....

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Saudi Arabia Economy Grew 3.9% In Q1 Boosted by Non-oil Activities

Saudi Arabia's economy grew by 3.9% year-on-year in the first quarter of 2023, according to initial government estimates of real gross domestic product published on Sunday. Non-oil activities grew by 5.8% in the first quarter from a year prior, the General Authority for Statistics said, citing flash estimates, while oil activities grew by 1.3%. Government services activities grew by 4.9%, it said. However growth slowed compared to the fourth quarter of 2022, when GDP grew 5.5% year-on-year. ....

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