Increased oil production in Saudi Arabia has driven the kingdom’s strongest economic performance since 2022, boosting GDP growth and reinforcing its central role in global energy markets. The surge in output, supported by strategic adjustments in supply, has enhanced government revenues and stimulated domestic investment across key sectors. This expansion reflects broader momentum within the non-oil economy as well, with infrastructure and private-sector initiatives contributing to the upward trend. Analysts note that the country’s fiscal stability and continued commitment to economic diversification under Vision 2030 have strengthened investor confidence. The latest data underscores how energy-led growth, when paired with structural reforms, can generate measurable economic momentum in the short and medium term.
— news from Bloomberg.com
— News Original —
Saudi Oil-Supply Hikes Power Best Economic Growth Since 2022
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