Saudi Arabia’s rise into a $1.3 trillion economic powerhouse is a story of astronomical growth, especially considering the country had a nominal GDP of literally less than $2 billion in the early 1960s, The Kingdom has successfully capitalized on historic oil windfalls to aggressively fund its non-oil sectors, which now generate over half of its total economic output. Through the engine of its Public Investment Fund (PIF), sweeping regulatory updates, and the launch of futuristic giga-projects l
1:00
Saudi Arabia’s rise into a $1.3 trillion economic powerhouse is a story of astronomical growth, especially considering the country had a nominal GDP of literally less than $2 billion in the early 1960s, The Kingdom has successfully capitalized on historic oil windfalls to aggressively fund its non-oil sectors, which now generate over half of its total economic output. Through the engine of its Public Investment Fund (PIF), sweeping regulatory updates, and the launch of futuristic giga-projects l
2.3M views1 month ago
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