Economics
Saudi Non-Oil Economy Rebounded to 2.9% Growth in First Quarter
- Oil economy shrank 11.7% as production cuts weighed on sector
- Numbers similar to preliminary estimates released in May
Portraits of Mohammed bin Salman at a construction site in the King Abdullah Financial District (KAFD) in Riyadh.
Photographer: Tasneem Alsultan/BloombergThis article is for subscribers only.
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Saudi Arabia’s non-oil economy, the kingdom’s engine of job creation, grew at its fastest pace since 2019 in the first quarter, the government reported, though the expansion was slightly slower than preliminary estimates.