Saudi Arabia’s economy minister forecast real GDP growth of 5.1% for 2025, supported by the non-oil sector, as the kingdom accelerates efforts to diversify away from oil.

“We forecast to close the year…in terms of total real GDP growth at around 5.1% and for non-oil GDP around 3.8%,” Faisal Alibrahim said, speaking on a panel at the Future Investment Initiative conference in Riyadh on Wednesday.

“But we need to acknowledge we are on a long term restructuring journey. We are prioritising diversifying our economy away from having to rely on oil, to become a more resilient economy that witnesses sustainable growth that’s driven by productivity, not just by natural resources,” Alibrahim said.

The ministry of finance has forecast real GDP growth of 4.4% in 2025, driven by the growth of non-o

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