Saudi Economy Expands 3.9% on Strong Non-Oil Momentum

Saudi Arabia’s economy expanded for a fifth straight quarter, driven by steady growth in the non-oil sector and a return to expansion for oil activities as the kingdom boosts output under new OPEC+ supply policy.

Overall gross domestic product rose 3.9% year on year in the three months through June, compared with 3.4% in the previous quarter, according to preliminary data published by the statistics office on Thursday.