MENA

Saudi Arabia boasts the largest economy in the MENA region, with a GDP of over $1 trillion—accounting for roughly a quarter of the total. Its economic power stems from being the world’s leading oil exporter and holding the second-largest reserves, a characteristic shared with many, but not all, MENA states.

Unlike poorer, resource-scarce nations in the region, Saudi Arabia has the immense Public Investment Fund (PIF) to finance its massive Vision 2030 diversification into non-oil sectors like tourism and technology. However, like many MENA oil exporters, its economy remains vulnerable to global oil price fluctuations.

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