​After the aunaunced of the Two Holy Mosques King Salman bin Abdulaziz, may God preserve him, announced the charity budget for the fiscal year 2020, optimism prevailed over the continued improvement in the GDP performance. This budget is the second largest budget after the 2019 budget, which amounts to (1.02 trillion riyals) in support of the Saudi economy to continue growth and construction and the construction of mega projects and infrastructure

The budget focuses on achieving the goals of the Kingdom's 2030 vision, according to plans, incentives and initiatives. The GDP is expected to grow by 2.3%, a difference of 0.9% from 2019, due to the positive effects of medium and long-term structural reforms that it is working on to diversify economic activity

Saudi Arabia focused on increasing non-oil revenues, which was achieved thanks to God first and continuous work, as the non-oil sector achieved a growth rate of 2.5% in the year 2019, and this was reflected in the improvement of the performance of various sectors such as tourism, entertainment, services and trade, which recorded a growth rate ranging between 3.8% and 5. 1%, and this is clear evidence that Saudi Arabia is proceeding to achieve its goals with the help of God carefully to reach the desired goal, with the participation of the private sector and relying on it to create a solid economy that benefits the citizen and the homeland

Be save and lofty

Dean of the College of Economics and Administrative Sciences

Dr. Muhammad Makni