Saudi National Products Expo in Kuwait Secures Agreements Worth Over SAR70 Million

Photo by SPA
Photo by SPA
TT
20

Saudi National Products Expo in Kuwait Secures Agreements Worth Over SAR70 Million

Photo by SPA
Photo by SPA

Six agreements were signed at the Saudi National Products Exhibition (SNP Expo 2) in Kuwait, with investments exceeding SAR70 million, along with several memorandums of understanding to enhance consultations and strengthen cooperation.
CEO of the SNP Expo Hend Aloni stated: "The agreements signed in the past two days demonstrate the success of the expo in attracting investors and entrepreneurs."

According to SPA, she emphasized that this aligns with the key objectives of the SNP Expo, which aims to boost investment flow into the national economy and increase the appeal of the industrial sector.
She noted that more agreements will be made at the exhibition, underscoring its success in promoting Saudi products and expanding their distribution worldwide.



GASTAT: Saudi Economy Experienced Highest Quarterly Growth in 2 Years

The Saudi capital Riyadh. SPA
The Saudi capital Riyadh. SPA
TT
20

GASTAT: Saudi Economy Experienced Highest Quarterly Growth in 2 Years

The Saudi capital Riyadh. SPA
The Saudi capital Riyadh. SPA

The General Authority for Statistics (GASTAT) released on Sunday the GDP report and national accounts indicators for 2024 and the fourth quarter of 2024, showing a 1.3% growth in real GDP compared to the previous year, with non-oil and government activities increasing by 4.3% and 2.6%, respectively, while oil activities declined by 4.5%.
In terms of quarterly estimates, real GDP grew by 4.5% in the fourth quarter of 2024 compared to the same quarter of the previous year. This growth was attributed to positive performance across all economic sectors.

Non-oil activities increased by 4.7%, oil activities grew by 3.4%, and government activities rose by 2.2% year-on-year.
The GASTAT report also noted that seasonally adjusted real GDP in the fourth quarter of 2024 grew by 0.5% compared to the third quarter of 2024.