Beyond Oil: Saudi Arabia’s Rocky Road to Economic Diversification

Saudi Arabia’s economic landscape presents a paradox. Despite being the fastest-growing G20 economy in 2022, its future appears throttled. Projections for 2024 suggest a modest GDP growth of only 1.7%. The slowdown stems from significant oil production cuts and the high costs of diversification projects away from oil reliance. The Kingdom, however, shows resilience in […]