Faisal Al-Ibrahim, Minister of Financial system and Planning
Faisal Al-Ibrahim, Minister of Financial system and Planning, mentioned that the Kingdom’s direct and oblique dependence on oil has decreased from greater than 90% to 68%, indicating that non-oil actions now signify 56% of the actual gross home product, which is a share higher than oil and authorities actions mixed.
He added, throughout his participation within the session of the Berlin International Dialogue Discussion board 2025, that Saudi Arabia remains to be originally of the transformation, stating that statistics point out a extra versatile and sustainable financial system, led by productiveness, not spending.
He said that the energy of nations doesn’t stem solely from their sources, however quite from their skill to speculate this potential, construct efficient establishments, and direct public insurance policies effectively, including that severe engagement with worldwide companions is critical to formulate a extra secure international system.
He careworn the significance of calculated intervention in eradicating dangers dealing with the personal sector, indicating that this intervention should be a software for steadiness and never an alternative to competitiveness or market dynamism.
He added that Saudi Arabia analyzes its financial pursuits and makes choices that serve its long-term potential, whereas sustaining balanced strategic partnerships.
Al-Ibrahim indicated that Saudi Arabia is specializing in the steadiness of markets in the long run and guaranteeing that international demand is met, stating that the Kingdom is at the moment working to cancel some voluntary cuts in manufacturing as a part of efforts to attain a sustainable steadiness.
