{"id":432837,"date":"2026-01-27T13:51:10","date_gmt":"2026-01-27T13:51:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/432837\/"},"modified":"2026-01-27T13:51:10","modified_gmt":"2026-01-27T13:51:10","slug":"saudi-gdp-more-than-doubles-to-1-25-trillion-since-launch-of-vision-2030-minister-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/432837\/","title":{"rendered":"Saudi GDP more than doubles to $1.25 trillion since launch of Vision 2030, minister says"},"content":{"rendered":"<p>RIYADH \u2014 Saudi Arabia\u2019s gross domestic product has more than doubled since the launch of Vision 2030, reaching SR4.7 trillion ($1.25 trillion) by the end of 2024, up from SR2.6 trillion ($693 billion) in 2016, Investment Minister Khalid Al-Falih said on Monday.<\/p>\n<p>Speaking at a government press conference in Riyadh, Al-Falih said the economic expansion reflects not only numerical growth but also deep structural reforms that have reshaped the labor market and strengthened private sector competitiveness.<\/p>\n<p>He said the Saudi economy has generated 800,000 new jobs, underscoring the vitality of emerging sectors and their growing capacity to create employment opportunities.<\/p>\n<p>Al-Falih added that foreign direct investment has quadrupled by the end of 2024, and is expected to reach SR150 billion ($40 billion) in 2025.<\/p>\n<p>On investor activity, the minister said the number of Saudi investors has exceeded 1.86 million, reflecting strong participation in economic activity and improved growth incentives, particularly for small and medium-sized enterprises.<\/p>\n<p>He noted that the number of registered foreign investors has reached 62,000, while Saudi nationals remain the dominant force in the business sector, supported by nearly 1.8 million Saudi commercial registrations.<\/p>\n<p><a title=\"Filipino conjoined twins, Olivia and Gianna, arrive in Riyadh\" class=\"articleImg\" href=\"https:\/\/saudigazette.com.sa\/article\/658468\/saudi-arabia\/filipino-conjoined-twins-olivia-and-gianna-arrive-in-riyadh\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p>Related Article<\/p>\n<p>                        <img decoding=\"async\" loading=\"lazy\" width=\"100%\" height=\"100%\" src=\"https:\/\/cdnx.premiumread.com\/?url=https:\/\/saudigazette.com.sa\/saudigazette\/uploads\/images\/2026\/01\/27\/2653259.webp?v1&amp;w=300&amp;q=100&amp;f=webp\" alt=\"The Filipino conjoined twins, Olivia and Gianna Manuel, arrived in Riyadh on Monday evening in preparation for their separation surgery in the Kingdom.\" onerror=\"this.src=\" https:=\"\"\/><\/p>\n<p>                Filipino conjoined twins, Olivia and Gianna, arrive in Riyadh<\/p>\n<p>    <\/a><\/p>\n<p>Al-Falih also said more than 700 multinational companies have obtained licenses to establish regional headquarters in Saudi Arabia by the end of 2025.<\/p>\n<p>Highlighting workforce participation, he said the contribution of women to the Saudi economy has doubled, while wages for Saudi employees in the private sector have risen by 45%, pointing to improved job quality.<\/p>\n<p>As part of efforts to diversify income sources, Al-Falih said the contribution of non-oil sectors reached 56% of the national economy for the first time in the Kingdom\u2019s history, marking a milestone in reducing reliance on oil revenues and demonstrating tangible results of Vision 2030.<\/p>\n<p>Commenting on Saudi Arabia\u2019s participation in the World Economic Forum in Davos, Switzerland, Al-Falih said the Kingdom\u2019s economic outlook stood out positively at a time when pessimism and concern dominated discussions among many global delegations.<\/p>\n","protected":false},"excerpt":{"rendered":"RIYADH \u2014 Saudi Arabia\u2019s gross domestic product has more than doubled since the launch of Vision 2030, reaching&hellip;\n","protected":false},"author":2,"featured_media":432838,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,205111,101,205110,205108,205106,205109,205107],"class_list":["post-432837","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-davos-saudi-economy","tag-economy","tag-foreign-investment-saudi-arabia","tag-khalid-al-falih","tag-saudi-gdp-growth","tag-saudi-non-oil-sectors","tag-vision-2030-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/432837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=432837"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/432837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/432838"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=432837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=432837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=432837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}