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Minister of Economy and Planning Faisal Al-Ibrahim speaking at the first session of the Budget Forum 2026 in Riyadh on Wednesday.



Minister of Economy and Planning Faisal Al-Ibrahim speaking at the first session of the Budget Forum 2026 in Riyadh on Wednesday.
Al-Ibrahim: Saudi non-oil economy posts growth of over 30%, outperforming advanced economies
Saudi Gazette reportRIYADH — Minister of Economy and Planning Faisal Al-Ibrahim said that Saudi Arabia’s non-oil economy has achieved cumulative growth exceeding 30 percent since 2016, outperforming advanced economies that grew by less than 20 percent during the same period.In his address at the first session of the Budget Forum 2026, organized by the Ministry of Finance in Riyadh on Wednesday, Al-Ibrahim highlighted the success of Saudi Vision 2030, citing economic indicators from the past five years. He reported that 74 economic activities recorded annual growth exceeding 5 percent, with 37 activities growing by more than 10 percent in the non-oil sector. “Efforts to diversify the economy have reduced dependence on oil from 90 percent to 68 percent, allowing non-oil activities to...
December 04, 2025

Al-Ibrahim: Saudi non-oil economy posts growth of over 30%, outperforming advanced economies

Minister of Municipalities and Housing Majed Al-Hogail addressing the Budget Forum 2026 in Riyadh on Wednesday.
Al-Hogail: Over 1.2 million families benefit from housing support programs
Saudi Gazette reportRIYADH — Minister of Municipalities and Housing Majed Al-Hogail said that the housing sector continued to advance its role in empowering Saudi families, with more than 1.2 million families benefiting from housing support programs. Addressing the Budget Forum 2026 in Riyadh on Wednesday, the minister highlighted the housing sector’s most notable achievements in 2025 and outlined key plans for the coming year. “Since the program’s launch, 920,000 families have moved into their homes, and the homeownership rate among citizens reached 65.4 percent by the end of 2024. The target is to increase this rate to 66 percent by 2026 and to sign 100,000 new housing contracts,” he said.Al-Hogail noted that housing finance in the Kingdom reached SR938 billion by the end of...
December 03, 2025

Al-Hogail: Over 1.2 million families benefit from housing support programs

Minister of Health Fahad Al-Jalajel speaks at the Budget Forum 2026 in Riyadh on Wednesday.
Al-Jalajel: Saudi life expectancy rises from 74 years in 2016 to 80 years in 2025
Saudi Gazette reportRIYADH —Minister of Health Fahad Al-Jalajel said that life expectancy in Saudi Arabia rose from 74 years in 2016 to 79.7 years in 2025, while road traffic fatalities fell by 60 percent over the same period.Addressing the Budget Forum 2026 in Riyadh on Wednesday, the minister highlighted the key achievements and developments in the nation's health sector as well as the impact of government support on improving the health services’ quality and efficiency. “The Kingdom’s 2026 budget reflects a new phase of growth and prosperity, contributing to continued comprehensive development across all sectors, including health, in line with the objectives of Saudi Vision 2030,” he said. Al-Jalajel emphasized that the government's generous support under Custodian...
December 03, 2025

Al-Jalajel: Saudi life expectancy rises from 74 years in 2016 to 80 years in 2025

Saudi Crown Prince thanks Bahrain’s King and Crown Prince following departure from Manama
Saudi Gazette reportMANAMA — Crown Prince and Prime Minister Mohammed bin Salman sent cables of thanks to King Hamad bin Isa Al Khalifa of Bahrain and Crown Prince and Prime Minister of Bahrain Prince Salman bin Hamad Al Khalifa following his departure from Manama.In his cables to King Hamad and Prince Salman bin Hamad, the Crown Prince expressed his deep gratitude and appreciation for the warm welcome and generous hospitality extended to him and the accompanying delegation.The Crown Prince noted the positive outcomes of the 46th session of the Gulf Cooperation Council (GCC) Supreme Council, chaired by the Bahraini king. He added that the discussions held within the Saudi-Bahraini Coordination Council reaffirmed the commitment to advance relations between the two countries in all fields,...
December 03, 2025

Saudi Crown Prince thanks Bahrain’s King and Crown Prince following departure from Manama

The Gulf leaders underlined their determination to continue advancing coordination and integration among the GCC states across all political, security, economic, and social fields towards the aspired unity that serves their shared fraternal interests.
Any act targeting a member country amounts to a threat against all; Gulf leaders warn
Saudi Gazette reportMANAMA — The Gulf leaders affirmed that the security and stability of the Gulf Cooperation Council (GCC) states are indivisible. In a joint statement, called the Sakhir Declaration, issued at the conclusion of the 46th session of the Gulf Cooperation Council (GCC) Supreme Council in Manama on Wednesday, they warned that any infringement upon the sovereignty of a member state constitutes a direct threat to their collective security.The leaders underlined the need for respecting the sovereignty of GCC states and all countries of the region, as well as for non-interference in their internal affairs, and rejecting the use of force or the threat thereof. The summit emphasized strengthening the solid bonds and integration among the member states in belief of the noble...
December 03, 2025

Any act targeting a member country amounts to a threat against all; Gulf leaders warn

Saudi Crown Prince and Prime Minister Mohammed bin Salman holds talks with Italy’s Prime Minister Giorgia Meloni in Manama on Wednesday.
Saudi Crown Prince, Italy’s PM Meloni meet to discuss enhancing bilateral cooperation
Saudi Gazette reportMANAMA — Saudi Crown Prince and Prime Minister Mohammed bin Salman held wide ranging talks with Italy’s Prime Minister Giorgia Meloni in Manama on Wednesday. The meeting was held on the sidelines of the 46th session of the Gulf Cooperation Council (GCC) Supreme Council. The two leaders discussed aspects of cooperation between the two countries and ways to further enhance it across several fields. They also reviewed regional and international developments and the efforts made to address them. The meeting was attended by Minister of Energy Prince Abdulaziz bin Salman, Minister of Defense Prince Khalid bin Salman, Minister of Foreign Affairs Prince Faisal bin Farhan, Minister of State, Cabinet Member, and National Security Advisor Musaed Al-Aiban, and Minister of...
December 03, 2025

Saudi Crown Prince, Italy’s PM Meloni meet to discuss enhancing bilateral cooperation

GCC says joint defensive shield with US advancing
Saudi Gazette report MANAMA — Senior Gulf official confirmed this week that progress continues on establishing a joint defensive shield for GCC states in coordination with the United States, with technical discussions ongoing and further details expected once preparations are complete. GCC Secretary-General Jasem Al-Budaiwi said during a press conference on Wednesday that Gulf countries are working closely with “allies abroad” to advance the project, describing it as “very important” and expressing optimism that it could be achieved “in the near future.” He noted that the initiative, often referred to as the joint Gulf missile defense shield, still involves “many technical aspects,” but remains a top priority for collective security efforts. Al-Budaiwi also referenced the...
December 03, 2025

GCC says joint defensive shield with US advancing

Riyadh to introduce new metro track and vibrant street-food hub in 2026
Saudi Gazette report RIYADH — Riyadh’s 2026 development program will see the rollout of a new metro track connecting Diriyah Gate with Qiddiya and the establishment of a dedicated street-food district, alongside a broader set of mobility, environmental and infrastructure initiatives planned across the capital. The metro extension and the Riyadh Food Street project are among the public-facing additions that will support the city’s ongoing expansion and improve access to services and leisure destinations. The seventh metro track — extending from the northwestern Diriyah district to Qiddiya in the southwest — is scheduled to enter its initial implementation phase in 2026. The project forms part of Riyadh’s long-term strategy to expand its transport network and accommodate rising...
December 03, 2025

Riyadh to introduce new metro track and vibrant street-food hub in 2026

Minister of Education Yousef Al-Benyan speaking at the Budget Forum 2026 in Riyadh on Wednesday.
Al-Benyan: 66% of scholarship students pursue courses at world’s top 50 universities
Saudi Gazette reportRIYADH — Minister of Education Yousef Al-Benyan said that more than 66 percent of recipients of Saudi Foreign Scholarship Program are studying at the world’s top 50 universities. “This reflects the raising of scholarship standards and achieving higher intellectual and developmental returns,” he said while speaking at the Budget Forum 2026 in Riyadh on Wednesday. Al-Benyan said that over 100,000 talented students have earned a total of 335 local, regional, and international awards. He affirmed that these results are a source of pride and reflect the strength of the talent identification and nurturing system. “More than SR200 billion has been allocated to general, university, and vocational education in the 2026 budget. Over SR30 billion have been earmarked for...
December 03, 2025

Al-Benyan: 66% of scholarship students pursue courses at world’s top 50 universities

Minister of Human Resources and Social Development Ahmed Al-Rajhi speaking at the Budget Forum 2026 in Riyadh on Wednesday.
Al-Rajhi: 2.5 million Saudis working in private sector
Saudi Gazette reportRIYADH — Minister of Human Resources and Social Development Ahmed Al-Rajhi said that the number of Saudis working in the private sector has risen to around 2.5 million.Addressing the Budget Forum 2026 in Riyadh on Wednesday, he said that Saudi women’s participation in the labor market has reached 34.5 percent, compared to 23 percent in 2019. He stressed that these transformations reflect the maturity of the national labor market.Al-Rajhi noted that the ministry’s ecosystem participates in eight of Saudi Vision 2030 programs and works toward achieving 26 strategic goals through more than 100 initiatives, saying that more than 70 percent of them have been completed.He noted that the most significant labor market achievements were realized through the Labor Market...
December 03, 2025

Al-Rajhi: 2.5 million Saudis working in private sector

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