A aspect of the cupboard assembly
The Council of Ministers described the outcomes of overseas direct funding within the Kingdom for the 12 months 2024 AD; It’s promising by overcoming the goal of the nationwide technique for 4 consecutive years, with the expansion of flows by 24.2% and the rise within the formation of fastened capital to a historic stage, in accordance with the Saudi Information Company.
Throughout its session right this moment in Riyadh, headed by Crown Prince Mohammed bin Salman, the Council of Ministers reviewed plenty of statistical indicators associated to the Kingdom’s economic system, and the expansion of GDP development by 3.9% within the second quarter 2025 AD, pushed by the continued constructive contribution of non -oil actions to succeed in 56% of the full economic system.
The Council praised the contents of the fifth assembly of the Financial and Social Committee within the Saudi -British Strategic Partnership Council, and what was included within the closing convention of the “Nice Futures” initiative; From the announcement of 38 agreements with a complete worth of greater than 20 billion riyals, along with launching a brand new partnership between the 2 international locations specializing in growing precedence sectors, and profiting from promising alternatives in Saudi Imaginative and prescient 2030.
The Council authorized a memorandum of cooperation within the area of mining and mineral sources between the Ministry of Business and Mineral Sources within the Kingdom of Saudi Arabia and the Ministry of Vitality in the US of America.
Through the session, the Council of Ministers authorized the construction and organizational information for the Ministry of Transport and Logistics, and to arrange the Nationwide Middle for Transport Security.
Based on numbers information, The worth of overseas funding flows reached The direct entered within the Kingdom is 119 billion riyals, and a development of 24 % in comparison with 2023, which was 96 billion riyals.
The Basic Authority for Statistics had Yesterday, it revealed The true GDP of Saudi Arabia achieved a development of three.9percentwithin the second quarter 2025 in comparison with the identical interval in 2024, because the non -oil sector achieved a rise of three.9%, whereas the federal government sector elevated by 1.6%, the personal sector by 4.6%, and the oil sector elevated by 3.8%.
