Skip to content
Subscriber Only
Business
Economics

Pandemic Recovery, Oil Curbs Create a Split-Screen Saudi Economy

  • Non-oil growth seen at pre-pandemic levels in first quarter
  • Oil sector contracted most in a decade on production cuts
The Month That Shook The Saudi Economy
Photographer: Tasneem Alsultan/Bloomberg
Updated on

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Saudi Arabia’s non-oil economy -- the engine of job creation -- rebounded in the first quarter to pre-pandemic levels, even as the overall economy was dragged into contraction by oil-production cuts.