Bahrain pushes ahead with Muharraq city redevelopment plan Halliburton wins multi-year Aramco gas development contract Saudi: Kent secures long-term deals with Aramco for future EPC projects Oman and Jordan launch $100mln investment firm Modon, ADIB introduce Abu Dhabi’s first off-plan home financing solutions Abu Dhabi launches maritime investment guide to attract global businesses Saudi Arabia inaugurates over 900km of roads to boost connectivity Gulftainer unveils $2bln global trade infrastructure strategy Saudi Arabia's trade surplus surges 60% to over $24bln in Q1 2026 UAE, Panama discuss boosting trade, investment, supply chains as part of 'UAE Trade Days' Sharjah Chamber registers 30,000 memberships in H1 Saudi tourism spending reaches record $81bln in 2025 Dubai's AMIS breaks ground on Jacob & Co.’s villa community; targets $10bln IPO in three years UAE's new government work model to deploy Agentic AI in public services Indonesia, Kuwait strengthen strategic energy partnership Kuwait unveils framework for 15-year residency for expat investors Riyadh Air takes off on first domestic route to Jeddah Bahrain issues laws to protect investments Qatar's Hamad Port sails into the world's top eight Kuwait air traffic returns to normal, flights resume QatarEnergy announces new oil discovery offshore Namibia UAE developer Alef launches $1.1bln mixed-use development in Sharjah ADNOC eyeing Canada upstream and LNG opportunities via XRG arm, executive says Dubai real estate deals in April surge to $18.7bln Saudi's SAMA mandates advance notification of investment rounds by financing companies Qatar maritime trade activity accelerates in May Oil steadies as uncertainty over US-Iran talks keeps markets on edge Qatar: Relatively hot daytime conditions expected, moderate night Dubai Centre for Family Businesses explores ways to strengthen business adaptability Saudi Crown Prince, UAE President discuss regional security and cooperation

Log in

عربي

Media Centre

Home » Media Centre

Saudi Arabia reports record non-oil exports of $137bln in 2024

Saudi Arabia reports record non-oil exports of $137bln in 2024

Saudi Arabia reports record non-oil exports of $137bln in 2024

Apr 28, 2025

Saudi Arabia's non-oil exports reached an all-time high of 515 billion riyals ($137.29 billion) in 2024, the state news agency said on Saturday, as the kingdom continues its push to diversify its economy away from oil dependence.

The world's leading oil exporter is investing billions of dollars to achieve its Vision 2030 plan, which focuses on reducing its reliance on oil and spending more on infrastructure to boost industries like tourism, sports and manufacturing.

Saudi Arabia is also working to attract more outside investment to ensure its ambitious plans stay on track.

Non-oil exports rose 13% year-on-year, and over 113% since the launch of Saudi vision 2030, state news agency SPA added.

Abdulrahman Althukair, CEO of the Saudi Export Development Authority, was quoted by SPA attributing the jump in non-oil exports to the "kingdom's sustained efforts in economic diversification".

On Friday, Saudi Arabia announced its 2024 annual report for the kingdom's 2030 Vision plan, which saw the kingdom attract foreign direct investment worth 77.6 billion riyals ($20.69 billion).

It has set itself a target to attract $100 billion in annual foreign direct investment by the turn of the decade.