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Saudi Arabia is projected to achieve 4.5% economic growth in 2026, outpacing the global growth forecast of 3.4%, driven by steady performance in both the non-oil and hydrocarbon sectors, according to a Standard Chartered Global Research report.
The non-oil economy which encompasses services, manufacturing, construction, tourism, and other diversified sectors continues to gain momentum as Saudi Arabia advances its Vision 2030 strategy to reduce reliance on oil revenues while strengthening private sector activity and investment.
Mazen Bunyan, CEO of Standard Chartered Saudi Arabia, highlights that while oil prices face downside risks, sustained non-oil expansion will help underpin growth and financial stability throughout the next year.
This robust growth outlook places Saudi Arabia ahead of many major economies and reinforces the kingdom’s position as a regional economic leader in the Middle East.
What This Means for Investors & Businesses
The forecasted 4.5% growth in 2026 reflects Saudi Arabia’s successful push toward economic diversification a cornerstone of its long-term development plan. Expanded activity in sectors beyond oil is attracting foreign investment, creating business opportunities across industries such as technology, tourism, finance, and logistics.
For companies and investors looking to tap into Saudi Arabia’s expanding economy, expert guidance can make a significant difference.
How J K Helps?
At J K Management Consultancies, we provide comprehensive services to support your entry into the Saudi market and help you take advantage of the kingdom’s economic growth:
- Market Entry & Investment Advisory
- Company Setup & Licensing
- Regulatory & Legal Support
- Ongoing Business Support
Position Your Business for Growth in Saudi Arabia
As Saudi Arabia accelerates its transformation with strong non-oil economic growth projected at 4.5% in 2026, opportunities are expanding for global investors and businesses. With the right partner, you can navigate regulatory requirements, seize emerging opportunities, and grow successfully in one of the world’s most exciting markets.
👉 Contact J K Management Consultancies today to explore how we can support your business ambitions in Saudi Arabia’s thriving economy.
