The Kingdom enhances its commercial partnerships with the Arab League countries in the last quarter of 2024
A reflection of an ambitious vision that reshaped the features of the future of the economy, the Kingdom of Saudi Arabia highlights an economic power that crosses the limits of expectations, taken from the Kingdom’s 2030 vision, an exceptional road map to push the wheel of economic shift towards unprecedented horizons. The Kingdom has strengthened its position as a global center for trade and investment, supported by advanced infrastructure and economic policies that encourage innovation and enhance diversity.
& nbsp; Standard. About 510,974 billion Saudi riyals; To achieve an annual growth, estimated at 6.2%, with an increase of more than 5 billion riyals, compared to the same period in the year 2023 AD, which was about 82,679 billion riyals. Including the Gulf Cooperation Council countries, 30,461 billion riyals, during the fourth quarter of 2024 AD, compared to a surplus achieved by about 22,185 billion riyals during the same period of the year 2023 AD, registered an annual growth of 37.3%, at a value exceeding 8,276 billion riyals. 59,114 billion riyals; Of them 39,507 billion riyals for the Gulf Cooperation Council countries, represented about 14.2% of the general total of the Kingdom’s exports to all countries of the world, which is about 277,932 billion riyals. All. Of them 18,354 billion riyals from the Gulf Cooperation Council countries, and imports from the League of Arab States with a value of 10,298 billion riyals, as it is noteworthy that the total imports of the Kingdom from all countries of the outside world amounted to 233,042 billion riyals. Secondly, the Kingdom of Bahrain came with a value of more than 8,423 billion riyals, thirdly, the Arab Republic of Egypt, with a value of 8,353 billion riyals, and the fourth Sultanate of Oman, with a value exceeding 4,434 billion riyals, and the fifth of the Hashemite Kingdom of Jordan with a value exceeding 2,999 billion riyals.
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