Non-oil exports up 155% since 2016, says Crown Prince

Crown Prince and Prime Minister Mohammed bin Salman said that non-oil exports have grown by 155% compared to 2016, reflecting the increasing presence of products from this sector. He added that the private sector's contribution to the economy has risen to 51%.

In his annual royal address opening the third year of the ninth session of the Shoura Council, delivered on behalf of King Salman, the Crown Prince stated that the transport and logistics system has demonstrated its ability to adapt to changes in supply chains and maintain the smooth flow of goods and services.

The Crown Prince continued, saying the Public Investment Fund has launched its strategy for the next five years, focusing on building highly competitive local economic ecosystems in close partnership with the private sector. He noted efforts to boost local content to achieve economic transformation and secure sustainable financial returns, while the National Development Fund supports the growth of various sectors with annual funding to ensure targets are met.