Saturday, 18 January 2025
Home Saudi Arabia Celebrates Economic Diversification: NIDLP's 2023 Report Highlights Non-Oil GDP Surge

The following content is a news release distributed by . The original news release may be found here.

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...

Read the full news release here

Related Articles

The sun sets behind an oil drilling rig in Prudhoe Bay, Alaska on March 17, 2011.  REUTERS/Lucas Jackson/File Photo
CourtsEnvironmentMiningNatural GasOilPolitics

Republican-led states sue Biden administration over offshore drilling ban

Republican-led states sue over Biden's ban on new offshore oil and gas...

A Canadian flag gracefully blowing in the wind against a clear blue sky, showcasing its red maple leaf and white background.
BusinessClimate FinanceElectionsEmissionsEnvironmentUnited Nations

Four of Canada’s biggest banks leave climate alliance

The Net-Zero Banking Alliance aims to accelerate climate action among financial institutions.

A view shows the Canoo logo on a Canoo LV (Lifestyle Vehicle) electric vehicle outside a manufacturing site in Livonia, Michigan, U.S. November 29, 2022. REUTERS/Rebecca Cook/File Photo
AutomotiveBusinessElectric Vehicles (EVs)Manufacturing

EV startup Canoo files for bankruptcy, to cease operations

The EV startup has been facing rapid cash burn and a struggle...

Chevron and Hess logos are seen in this illustration taken, October 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
FuelLegislationNatural GasOilTrade

US FTC finalizes consent order for $53 billion Chevron-Hess merger

The U.S. Federal Trade Commission approves a consent order to resolve antitrust...

Login into your Account

Please login to like, dislike or bookmark this article.