Saudi Arabia’s strong economy led S&P to raise its rating to A+. The country is working to grow in many areas, not just oil.
Vision 2030 helps Saudi Arabia spend money wisely and invest in new businesses. This plan is making construction, transport, and industry stronger. These changes will help the economy grow from 2025 to 2028.
The government will spend less in 2025 but will keep supporting important projects. The goal is to reduce the country’s reliance on oil and create new jobs. Young people will benefit from a stronger economy.
Last week, Saudi Arabia’s Public Investment Fund signed a $3 billion deal with Italy’s SACE. This deal will help keep the country’s finances stable.
S&P said Saudi Arabia is still a big player in the oil market. It can quickly change production levels, helping control oil prices. Even as the world moves toward clean energy, Saudi Arabia’s low costs keep it competitive.
Saudi Arabia’s growing economy is creating new opportunities. The country is investing in different industries and making smart financial moves. Saudi Arabia’s growing economy will continue to shape its future.
