Non-Oil Exports Hit Record USD 180 Billion in 2024
Saudi non-oil exports reach SAR 515 billion in 2024, up 13% year-on-year and 113% since Vision 2030 began.
Saudi Arabia’s non-oil exports reached a record SAR 515 billion (approximately USD 180 billion) in 2024, marking a 13% increase compared to 2023. Since the launch of the Vision 2030 initiative, non-oil exports have grown by more than 113%, highlighting the Kingdom’s progress in reducing its dependence on oil revenues.
The Saudi Export Development Authority attributed the continued growth to targeted investments in infrastructure, tourism, manufacturing, and sports sectors. These efforts are part of broader economic diversification strategies aimed at positioning Saudi Arabia as a global business hub.
According to Saudi Arabia’s 2024 annual Vision 2030 report, the Kingdom also attracted SAR 77.6 billion (approximately USD 20.7 billion) in foreign direct investment during the year. Officials reaffirmed their target of reaching USD 100 billion in annual FDI inflows by 2030.
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