Money

What’s behind Saudi Arabia’s success?

Published

1 year ago

April 18, 2023

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The Kingdom is one of the fastest-growing economies in the world

Did you know Saudi Arabia is one of the world’s fastest growing economies?

According to the Kingdom, GDP rose by 8.7 per cent in 2022, faster than any other G7 or G20 countries.

So what’s behind all of this financial success?

Oil and gas still reign supreme, with Saudi Aramco raking in $48.4 billion for the second quarter of 2022 – up a staggering 90 per cent from the year before.

Saudi Arabia is benefiting from an unstable global economy and tight supply is keeping prices high.

Former World Bank Consultant and CEO of Empower Capital, Andrea Zanon, joined to discuss.

Related Topics:aramco Business Kingdom KSA oil trending

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