Under Mohammed Bin Salman's leadership, Saudi Arabia's ascendance to greater
power becomes evident
Saudi Arabia's Gross Domestic Product (GDP) has reached an impressive
milestone, surpassing USD 1 trillion or IDR 15,412 trillion, as reported by the
Saudi Press Agency (SPA), citing data from the Federation of Saudi Chambers.
This historic achievement was unveiled last Friday, coinciding with the
nation's 93rd National Day, and signifies the realization of its national
objectives well ahead of the 2025 target date.
The Saudi economy has recorded a remarkable growth rate of 8.7%, the
highest among G20 member nations. Furthermore, the private sector's
contribution to the economy has surged to 41% of the GDP in 2022, with a growth
rate of 5.3%. This trend is expected to continue, aligning closely with the
objectives outlined in Vision 2030, particularly in the realm of non-oil
private sector expansion.
According to the Middle East Monitor, the International Center for
Management Development's (IMD) Global Competitiveness Report ranks Saudi Arabia
second globally in terms of the growth rate of international tourism. This
highlights the nation's burgeoning appeal to visitors from around the world.
In a recent statement, the International Monetary Fund (IMF) lauded Saudi
Arabia's robust fiscal outlook, attributing it to the country's ambitious
strategic framework. The IMF noted, "Continued Vision 2030 reforms have
helped advance the country's economic diversification agenda, including through
reducing dependence on oil." Under the leadership of Mohammed Bin Salman,
Saudi Arabia is evidently charting a path to greater power and influence.
0 Comments