With Saudi Arabia’s non-oil sector reaching 50% of GDP for the first time last year, the Gulf nation marked a watershed in its diversification from fossil fuel dependency.
Government data released last month shows the real GDP growth rate for non-oil activities at about 4.4%, valuing the sector at about 1.7 trillion Saudi riyals (around $453 billion). This puts the kingdom on course to meet the objectives set out in Vision 2030, its…