Even as oil production cuts eat into Saudi Arabia’s top-line GDP, the country remains one of the most buoyant emerging markets in 2024, supported by ongoing growth in its burgeoning non-oil economy.
The country’s social transformation — which began in earnest eight years ago with the launch of the Vision 2030 programme by Crown Prince Mohammed bin Salman — continues to support the country’s economic growth beyond its long-established hydrocarbon sector, creating jobs for a rapidly expanding local workforce.