Saudi Arabia’s real gross domestic product is expected to grow by 2.5 percent in 2024, driven primarily by robust non-oil private activities, which are predicted to grow by 4.8 percent.
Similarly, economic growth in the Gulf Cooperation Council region is projected to rebound to 2.8 percent and 4.7 percent in 2024 and 2025, respectively, according to the Spring 2024 Gulf Economic Update issued by the World Bank.
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