RIYADH — Minister of Funding Eng. Khalid Al-Falih introduced that there was a cumulative enhance of over 45 % within the common wage of Saudis within the non-public sector. He mentioned the variety of Saudis working within the non-public sector elevated to 2.48 million by the tip of 2025, with job alternatives doubling in very important sectors, together with tourism.
“The unemployment charge has decreased considerably from 13 % to only over 7 %, with a exceptional leap in girls’s participation within the labor market,” he mentioned whereas addressing a authorities press convention in Riyadh on Tuesday.
Al-Falih defined that ladies’s contribution to the Saudi financial system has greater than doubled, alongside the creation of roughly 800,000 jobs within the nationwide financial system since 2016. He emphasised that each Saudi citizen is a key and important accomplice in creating and implementing Saudi Imaginative and prescient 2030.
He famous that the non-oil sectors now contribute 56 % to the overall financial system, whereas the Kingdom’s GDP has greater than doubled in lower than ten years, rising from SR2.6 trillion in 2016 to SR4.7 trillion in 2024.
Al-Falih emphasised that the Kingdom’s participation within the World Financial Discussion board mirrored its presence as a novel and optimistic mannequin, assured in its imaginative and prescient, path, and future, at a time when anxiousness, pessimism, and an absence of readability prevailed amongst most delegations on account of international financial fluctuations. This highlighted Saudi Arabia as an impartial nation with its personal imaginative and prescient and achievements.
Relating to funding, Al-Falih defined that overseas direct funding (FDI) inflows reached SR119 billion in 2024, whereas complete mounted capital formation reached SR1.441 trillion. He anticipated, primarily based on preliminary figures, that FDI inflows would exceed SR140 billion in 2025.
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The minister famous that the overall funding quantity within the Kingdom elevated from roughly SR672 billion in 2017 to SR1.44 trillion by the tip of 2024, surpassing the SR 1.5 trillion mark for the primary time in 2025.
Al-Falih revealed that licenses have been issued to greater than 700 worldwide corporations that determined to relocate their regional headquarters to the Kingdom. There has additionally been a rise within the variety of overseas traders to 62,000. He additionally famous the existence of roughly 1.8 million industrial registrations for Saudis, whereas the quantity of overseas investments exceeded SR1 trillion in 2025.
The pharmaceutical and accounting sectors, he emphasised, replicate the energy of the Saudi financial system, the sustainability of its development, and its rising attractiveness as a worldwide funding vacation spot.
Al-Falih famous that the Kingdom is transferring from a section of facilitating funding procedures to one in every of empowering specialised traders, with the approaching launch of the up to date funding technique, which can improve sustainability and lift the standard of investments.
The minister famous that Humain would develop into the Kingdom’s “Aramco” within the synthetic intelligence sector, noting that three main corporations have begun manufacturing automobiles within the Kingdom. He predicted that their mixed manufacturing within the Kingdom would attain roughly half one million automobiles within the coming years, contributing to a discount in imports and an enchancment within the commerce steadiness.
Al-Falih mentioned that main IPOs are anticipated within the Saudi inventory market, significantly within the debt market, and that a number of initiatives are being developed with the Capital Market Authority and Tadawul (the Saudi Inventory Trade) to draw extra traders.
