Saudi Arabia: Non-oil activities rise 3.4 percent in Q1 2024

Masam Removes 1,609 Mines, Unexploded Ordnance on May Fourth Week

The Masam Project operated by the King Salman Humanitarian Aid and Relief Center (KSrelief) to clear Yemeni land of mines, removed 1,609 mines, unexploded ordnance (UXO), and improvised explosive devices (IEDs) during the fourth week of May.

Magnitude 5 Earthquake Strikes Fiji Islands in the South Pacific

A magnitude 5.0 earthquake struck south of the Fiji Islands in the South Pacific Ocean on Sunday, according to the United States Geological Survey (USGS). The earthquake occurred at a depth of approximately 486.2 kilometers beneath the Earth's surface.

Oil price tops $100 a barrel

Oil prices jumped above $100 per barrel today, Monday, as the U.S. Navy prepares to take control of ship movements in the Strait of Hormuz.

Paris Saint-Germain Crowned UEFA Champions League Winners

French club Paris Saint-Germain claimed the UEFA Champions League title after defeating Arsenal 4-3 in a penalty shootout following a 1-1 draw in the final held at Puskás Aréna in the Hungarian capital, Budapest.

Last Update: ، 2026/06/01 Time 11:13:30
Latest News:

Saudi Defense Minister Delivers Leadership Condolences Following Death of Former President Hadi

Al-Alimi Receives Further Condolences on the Passing of Former President Hadi

UAE Leadership Extends Condolences to Leadership Council Chairman on Passing of Former President

Al-Subaihi, PM Receive Condolences in Aden on the Passing of Former President Abd-Rabu Mansour Hadi

President al-Alimi leads funeral procession of former President Abd-Rabu Mansour Hadi

Saudi Arabia: Non-oil activities rise 3.4 percent in Q1 2024

[09/06/2024 02:12]

RIYADH-SABA
The General Domestic Production (GPD) in Saudi Arabia decreased with 1.7 percent compared to the first quarter of 2023, influenced by the retreat of oil businesses with 11.2

The General Authority for Statistics (GASTAT) released today its GDP and National Accounts First Quarter of 2024 report, where it revealed that real GDP decreased by 1.7% year-on-year. However, seasonally adjusted real GDP grew by 1.4% compared to the previous quarter.

According to the Saudi Press Agency (SPA) non-oil activities continued their upward trend, expanding by 3.4% year-on-year. Government activities also rose by 2.0% year-on-year. This diversification of the economy is a key pillar of Saudi Arabia's Vision 2030.

Non-oil activities now contribute a significant 50% of the GDP. This demonstrates the success of the vision's programs and reforms in fostering a more diverse and resilient economy, according to SPA.