eporting Saudi Arabia’s real GDP growth at 4.8 percent and the Saudi Arabian Government projecting a budget surplus of 2.5 percent of GDP
, petroleum exports accounted for nearly 70 percent of the country’s total exports in terms of value in 2020, and about 53 percent of the Saudi government’s revenues were oil based.
generating opportunities for foreign companies across industry sectors including renewable energy, transportation, health
care, advanced technology, and aerospace as well as across a series of giga-projects including the $500 billion NEOM cognitive and smart city development in northwestern Saudi Arabia, the Qiddiya entertainment and sports megaproject in Riyadh, and The Red Sea Project – a sustainable luxury tourist destination.
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