Saudi Arabia: An Unmissable Investment Opportunity Saudi Arabia is undergoing a remarkable transformation. Seeking to power new growth outside its considerable oil reserves, the Kingdom has embarked on a landmark diversification effort to propel itself into a global powerhouse for innovation, investment, and trade. Its rewards already include surpassing the USD 1 trillion GDP mark for the first time in 2022 and the accolade of the fastest-growing G20 economy the same year. Encouragingly, the Kingdom's non-oil economic growth has sharply accelerated since the pandemic and is expected to reach 5.4% next year, according to the IMF – which expects the economy as a whole to grow above the global average at 4.0%.