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By Ovalaute · 09 Dec ,2025 · News
Economic Growth Accelerates Despite Global Headwinds
Saudi Arabia’s economy is set to grow between 3.5% and 5.9% in 2025, outpacing global averages. This growth is fueled by robust non-oil activities, government-led investments, and continued spending on Vision 2030 mega-projects, despite lower oil prices and a projected fiscal deficit of $27 billion.
Vision 2030 Drives Diversification and Giga-Projects
The Kingdom’s ambitious Vision 2030 agenda remains the cornerstone of its transformation, with major projects like NEOM, the Red Sea, and Qiddiya attracting global attention. These initiatives are reshaping urban landscapes, boosting tourism, and creating new opportunities for both local and international investors.
Real Estate Market: Expansion and Maturity
Saudi Arabia’s real estate sector is forecast to grow by 8% annually, with the market expected to reach over $101 billion by 2029. While transaction values dipped in early 2025, the total transacted area surged, signaling a shift toward long-term investment and development in emerging zones like east Riyadh and north Jeddah.
Tourism Surges to Global Leadership
Saudi Arabia ranked first globally in international tourism revenue growth and third in visitor numbers for Q1 2025. The Kingdom’s push to diversify its economy is paying off, with tourism, entertainment, and sports investments drawing record numbers of visitors and global events.
Policy Changes: Visas and New Regulations
2025 saw new visa restrictions for 14 countries, impacting multiple-entry visa policies. The government also issued recalls for certain consumer products and continued to prioritize safety and innovation in sectors ranging from technology to defense.
Fiscal Policy: Deficit, Spending, and Outlook
The approved 2025 budget projects a SR101 billion deficit, with revenues at SR1.18 trillion and expenditures at SR1.28 trillion. Strategic expansionary spending aims to sustain growth and diversification, with deficits expected to remain stable in the medium term as revenues rise.
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