Jadwa Investment expects non-oil GDP to grow 4.3% in 2025
In a report, the advisory firm also projected that the Kingdom's crude oil production would rise by 5.5% to an average of 9.45 million barrels per day (bpd) in 2025, compared to an average of 9 million barrels per day in 2024.
In addition, Brent crude prices are expected to average $67 per barrel in 2025, a 16% decline from the 2024 average, and $65 per barrel in 2026, citing global supply outpacing demand.
Jadwa noted that oil prices remain the key source of uncertainty in its forecasts, but emphasized that Saudi Arabia is well positioned to withstand periods of oil market weakness.
The research firm expects a slight uptick in inflation in the second half of 2025, with average inflation rising to 2.4%, driven by moderate increases in food prices aligned with global trends.
Jadwa maintained its inflation forecast at 2.3% for 2025, followed by a slight decline to 2.1% in 2026.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab News
12 hours ago
- Arab News
KSrelief signs agreement for joint executive program to support orphans in Ghana
RIYADH: The Saudi aid agency KSrelief has signed a joint executive program with a civil society organization to support and sponsor orphans in Ghana. The agreement aims to provide comprehensive care and sponsorship for orphans, including covering their educational expenses, the Saudi Press Agency reported. It also seeks to empower the families of orphans by offering training in financial literacy, marketing, entrepreneurship, and vocational skills. Moreover, beneficiaries will receive essential tools and supplies to help launch small-scale economic projects, such as sewing, baking, soap making, and retail operations. These initiatives are expected to directly benefit 850 individuals and indirectly support an additional 2,455 people. This endeavor aligns with Saudi Arabia's humanitarian and relief efforts, carried out through KSrelief, to support orphans worldwide and improve their living conditions. The Kingdom's humanitarian and charitable relief efforts continue unabated. The Kingdom has provided humanitarian and development aid exceeding $141 billion and implemented almost 7,990 projects in 173 countries, cementing its position as one of the world's largest donor countries, according to KSrelief. In a move to enhance this humanitarian role, the Kingdom established KSrelief on May 13, 2015, at the initiative of King Salman, to serve as the Kingdom's humanitarian arm abroad.
Arab News
12 hours ago
- Arab News
Riyadh prepares for World Defense Show
RIYADH: The third World Defense Show will be opened in Riyadh on Feb. 8 next year by Prince Khalid bin Salman, the Kingdom's defense minister and vice chairman of the General Authority for Military Industries. The international five-day event, which will focus on the future, will be supported by relevant ministries, authorities and strategic public and private sector entities. Thanking King Salman and Crown Prince Mohammed bin Salman for their patronage and support of the military industries sector, GAMI Gov. Ahmad Al-Ohali said: 'The royal patronage is an extension of the leadership's unwavering support to localizing 50 percent of military expenditure in line with the Kingdom's Vision 2030. 'This commitment to innovation and cooperation exemplifies our dedication to fostering global partnerships, leveraging our strategic location and harnessing the Kingdom's industrial capabilities.' He added: 'Together, we are shaping the future of defense, ensuring stability and growth for our nation.' World Defense Show CEO Andrew Pearcey said: 'The 2026 edition will build on collaboration between government and industry, creating an environment where the global defense supply chain can meet, share ideas and do business. 'With expanded venue capacity, updated content and a focus on technology transfer and talent development, the 2026 show will bring together leaders, innovators and emerging talent to guide the industry's future.' The 2024 edition featured 773 exhibitors from 76 countries, hosted 441 international delegations, facilitated SR26 billion ($7 billion) in deals and attracted 106,000 trade visits, building on the success of the inaugural 2022 event.
Saudi Gazette
12 hours ago
- Saudi Gazette
Riyadh to host 3rd World Defense Show in February 2026
Saudi Gazette report RIYADH — Under the patronage of Custodian of the Two Holy Mosques King Salman, the General Authority for Military Industries (GAMI) will host the third edition of the World Defense Show (WDS) in Riyadh in February 2026. On behalf of the King, Minister of Defense and GAMI Vice Chairman Prince Khalid bin Salman will open the grand global event, scheduled to take place from February 8 to 12. The World Defense Show embodies the Kingdom's visionary leadership, serving as a future-focused, domain-driven international event designed to be the gold standard for global defense exhibitions. It receives full support from all relevant ministries, authorities, and companies, with participation from strategic entities in both the Saudi public and private sectors. GAMI Governor Ahmad Al-Ohali expressed his gratitude to King Salman and Crown Prince, Prime Minister and Chairman of GAMI Mohammed bin Salman for their generous patronage and unwavering support for the military industries sector. 'The royal patronage is an extension of the leadership's unwavering support to localizing 50 percent of military expenditure in line with the Kingdom's Vision 2030. This commitment to innovation and cooperation exemplifies our dedication to fostering global partnerships, leveraging our strategic location, and harnessing the Kingdom's industrial capabilities. Together, we are shaping the future of defense, ensuring stability and growth for our nation,' he said. World Defense Show CEO Andrew Pearcey said: 'The 2026 edition will build on the collaboration between government and industry to create a unique environment where the global defense supply chain can meet, share ideas, and do business. Through expanded venue capacity, cutting-edge content, and a strong focus on technology transfer and talent development, WDS 2026 will serve as a global catalyst—bringing together leaders, innovators, and emerging talent to chart the path for the defense industry's future.' WDS is expanding its 2026 edition with a fourth exhibition hall, increasing its total exhibition space by 58 percent compared to the inaugural event. The venue is designed to the highest international standards, which will enhance cooperation, partnership building, and the overall visitor experience. The World Defense Show has grown significantly with each edition. The 2024 event saw participation from 773 exhibitors representing 76 countries, hosted 441 official international delegations, facilitated SR26 billion in deals, and attracted 106,000 trade visits, building on the success of the inaugural 2022 edition.
