Saudi growth sources changing as private sector focuses on diversification: Alibrahim

The sustained growth in the Saudi economy in 2023 is due to the implementation of diverse programs aligned with Vision 2030, Minister of Economy and Planning Faisal Alibrahim said. 

The sources of growth in Saudi Arabia are undergoing a transformation, he added. 

In a program on CNBC Arabia, Alibrahim elaborated on how the expansion of non-oil activities was previously limited to specific sectors but has now diversified to include emerging sources such as financial services, communications, tourism, and other sectors.