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Home Saudi Arabia Celebrates Economic Diversification: NIDLP's 2023 Report Highlights Non-Oil GDP Surge

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Saudi Arabia Celebrates Economic Diversification: NIDLP's 2023 Report Highlights Non-Oil GDP Surge

RIYADH, Saudi Arabia--(BUSINESS WIRE)--Saudi Arabia's National Industrial Development and Logistics Program (NIDLP) has announced the launch of its 2023 annual report, “Expanding Horizons”, marking a landmark year for the Kingdom as it seeks to diversify its economy. For the first time in the nation’s history, non-oil activities account for 50 percent of its Gross Domestic Product (GDP), growing at a yearly rate of 74 percent in 2023. Established in 2019, the NIDLP has been a driving force in t...

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