Saudi Arabia’s non-oil economy is entering a new phase. After a decade of rapid expansion driven by reform and public investment, future growth is expected to be shaped less by scale and more by competitiveness, productivity and export capability. PwC Middle East’s latest Saudi Economy Watch, The next phase of economic diversification, examines how the drivers of future growth are changing as fiscal conditions tighten and productivity constraints become more binding. Non-oil sectors now account for around 56% of Saudi Arabia’s SAR 4.7 trillion economy, reflecting the progress made in ...