• Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
Saudi Business News
Saturday, May 17
22:43
34 °c
Riyadh
No Result
View All Result
Saudi Business News
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
No Result
View All Result
Saudi Business News
No Result
View All Result

HomeEconomyS&P Upgrades Saudi Arabia Outlook to Positive

S&P Upgrades Saudi Arabia Outlook to Positive

Vision 2030 reforms and investments boost non-oil sector growth

September 14, 2024
in Economy
Reading Time: 1 min read
152
SHARES
1.9k
VIEWS
Share on FacebookShare on XShare on LinkedInShare on Telegram

S&P Global Ratings has upgraded its outlook on Saudi Arabia from “Stable” to “Positive” while maintaining an ‘A/A-1’ credit rating for both long- and short-term foreign and local currency.

The agency attributes this positive outlook to Saudi Arabia’s extensive reforms and investments, which are expected to foster the growth of the non-oil sector and ensure sustainable public finances.

RelatedPosts

Saudi Arabia’s Hydrogen Economy: Leading the Clean Energy Shift

Saudi Arabia’s Fiscal Stability Amid Low Oil Prices

Saudi Economic Growth Slows Amid Oil Price Drop

Vision 2030 initiatives are anticipated to drive robust non-oil economic growth in the medium term. Additionally, adjustments to major infrastructure projects are expected to mitigate fiscal pressures.

From 2024-2027, Saudi Arabia’s GDP is projected to grow due to increased investments in the non-oil sector, higher consumption rates, and the anticipated emergence of a diversified economy that will generate more employment opportunities for the youth.

Tags: economic growthnon-oil sectorS&P Global Ratingssaudi arabiaVision 2030
Share61Tweet38Share11Share

© 2025 Copyright, Saudi Business News

No Result
View All Result
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line

© 2025 Copyright, Saudi Business News

Go to mobile version