One of the key drivers of this impressive growth will be the agricultural sector
The International Monetary Fund forecasts that Saudi Arabia's gross domestic product will grow by 4.7 per cent in 2025, well above the global average growth rate of 3.2 per cent. This is reported by Arab News.
As part of the opening of the kingdom's largest agricultural event, Saudi Agriculture 2024 Exhibition, it was announced that agriculture will contribute more than US$31 billion to the economy in 2024, with future growth in the sector supported by investments of US$70 billion by 2030.
The exhibition and accompanying conference will discuss the kingdom's economic priorities for the 41st year, focusing on food security, sustainable development and modern technology. The event has attracted more than 370 companies and organisations from Saudi Arabia and 28 other countries.
The exhibition showcases innovations, technologies, products and services from various sub-sectors of agriculture, including poultry, livestock, dairy, food processing and veterinary services. New advances in agro-technology and sustainable practices, in line with Saudi Arabia's national policy priorities outlined in Vision 2030, will also be showcased.
Photo: iStock-
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