Going up

Non-oil industries drive Saudi growth for 5th straight quarter

Encompassing activities such as construction, tourism and entertainment, the kingdom's non-oil economy expanded 4.7% in the second quarter

Sean Gallup/Getty Images

Construction work on new Riyadh Metro

By

Jonathan H. Ferziger

July 31, 2025

Expansion of Saudi Arabia’s non-oil economy – highlighted by construction, tourism and entertainment – is fueling a rebound in the kingdom’s finances amid falling petroleum prices.

Gross domestic product is expected to have expanded 3.9% in the second quarter of 2025...

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