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Saudi Arabia Macroeconomic Boom: 8.7% GDP Growth, Vision 2030 & $7.6% Fiscal Surplus Fuel Transformation Journey – Ken Research

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GURUGRAM, India, Feb. 12, 2024 /PRNewswire/ — Saudi Arabia’s macroeconomic landscape is experiencing a dynamic shift, fueled by surging oil prices, ambitious diversification efforts, and transformative Vision 2030 initiatives. Ken Research’s “Saudi Arabia Macroeconomic Assessment” report paints a vibrant picture, highlighting key trends, opportunities, and challenges for businesses and investors. This press release delves into the report’s insights, offering a snapshot of the Kingdom’s evolving economic landscape. 

Key Highlights: A Glimpse into the Saudi Economy 

Booming Oil Revenue: Driven by high oil prices, Saudi Arabia’s real GDP growth reached 8.7% in 2022, with non-oil GDP growth at a promising 4.8%. This translates to a fiscal surplus of 7.6% of GDP in 2022, providing significant resources for development initiatives. Vision 2030’s Transformative Power: The ambitious Vision 2030 plan aims to diversify the economy, reduce oil dependence, and create a vibrant private sector. Initiatives like NEOM and giga-projects are already attracting investments and stimulating non-oil growth. Strategic Reforms: Reforms like opening up new sectors to foreign investment and streamlining regulations are improving the business environment and attracting international interest. Population Growth and Consumption Boom: Saudi Arabia’s young and growing population, coupled with rising disposable incomes, is driving domestic consumption, creating opportunities for diverse sectors like retail, tourism, and healthcare. 

Interested to Know More about this Report, Request a Free Sample Report

Market Segmentation: A Deeper Dive into Key Sectors 

The report segments the Saudi Arabian economy into key sectors: 

Oil & Gas: Despite diversification efforts, oil and gas remain the backbone of the economy, accounting for 50% of government revenue in 2022. Rising oil prices and production are expected to continue fueling economic growth in the near term. Non-Oil Sectors: With a focus on non-oil growth, sectors like construction, manufacturing, and financial services are witnessing significant investments and development. Tourism & Hospitality: Recognizing its tourism potential, Saudi Arabia is investing heavily in developing tourism infrastructure and attracting international visitors. This sector is poised for high growth in the coming years. 

Future Outlook: Charting a Course for Continued Growth 

Despite the positive outlook, some challenges remain: 

Geopolitical Risks: Regional instability and fluctuating oil prices pose potential risks to economic stability. Diversification Challenges: Successfully transitioning away from oil dependence requires sustained efforts in developing non-oil sectors and attracting diverse investments. Human Capital Development: Upskilling and reskilling the workforce are crucial to meet the demands of the diversifying economy. 

Despite these challenges, the Saudi Arabian economy is on a promising trajectory, driven by: 

Continued Government Support: Vision 2030 initiatives and ongoing reforms are expected to continue driving economic diversification and attracting investments. Technological Advancements: Embracing advanced technologies like AI and cloud computing will further enhance efficiency and productivity across sectors. Strategic Partnerships: Collaborations with international players will foster knowledge transfer, skill development, and technology adoption. 

Visit this Link :- Request for custom report

Key Takeaways for Stakeholders: 

This report offers valuable insights for various stakeholders in the Saudi Arabian economy: 

Investors: Identifying lucrative investment opportunities in high-growth sectors like tourism, healthcare, and technology. Businesses: Understanding the evolving market landscape, regulatory framework, and consumer trends to adapt their strategies effectively. Government Agencies: Formulating policies and regulations that support economic diversification, attract foreign investment, and create a skilled workforce. Individuals: Gaining insights into the economic outlook and potential growth opportunities within the Kingdom. 

Conclusion: 

Saudi Arabia’s macroeconomic landscape is brimming with potential, presenting exciting opportunities for businesses and investors alike. By navigating the challenges, capitalizing on the growth drivers, and embracing the transformative power of Vision 2030, the Kingdom is poised for a prosperous and diversified future.

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Taxonomy

KSA Macroeconomic Assessment

By Population

On the basis of Age

By gender

By nationality

By Educational Level

By Literacy Rate

Male

Female

By Household Size and Income

Saudi

Non-Saudi

Average Family Income

Average Individual income with income (SAR)

By Number of Households

Number of Households

Average monthly Household income (SAR)

Saudi

Non-Saudi

Saudi and Non-Saudi

Average monthly income (on the basis of gender)

Male

Female

Average monthly income of a Saudi family (On the basis of qualification)

PHD

Masters

Diploma

 Average monthly income of a Saudi family (On the basis of marital status)

Divorced

Married

Never Married

Widowed

Average per capita monthly income

Saudi

Non-Saudi

Saudi and Non-Saudi

Average per capita monthly expenditure

Saudi

Non-Saudi

Saudi and Non-Saudi

Breakup of the household expenditure (%), (Saudi- Non-Saudi)

Housing, Water, Electricity, Gas, and other Fuels

Miscellaneous Personal Goods and Services

Food and Beverages

Transport

Restaurants and Hotels

Furniture and Furnishings

Communications

Fabric, Apparel and Footwear

Recreation and Culture

Education

Health

Tobacco

Labor Force Participation Rate (%)

Male – Non-Saudi

Female – Non-Saudi

Male – Saudi

Female – Saudi

Percentage distribution of Employment (%)

Male (Non-Saudi)

Female (Non-Saudi)

Male (Saudi)

Female (Saudi)

Percentage distribution of Employment (%)

Age 15 – 24

Age 25 – 34

Age 35 – 44

Age 45 – 54

Age 55+

Unemployment rate by nationality (%)

Saudi National

Non-Saudi National

Unemployment rate by Gender (%)

Female

Male

Major Region

Riyadh

Al Arid

Al Qirawan

Al Narjis

Al Yasmin

Al Sahafa

Al Malqa

Al Izdihar

Dammam

Dhahran

Al Khobar

Jeddah

Mecca

Tabuk

Medina

Al Mohammadiyyah 

Al Ghadir 

King Fahd 

Al Muruj 

An Nafal 

Ar Rabi 

Al Khuzama 

Al Nakheell 

Hittin 

Al Aqiq 

Ar Rihab 

Al Khalidiyah 

Al Faisaliyah 

At Tarif Al Jadid 

Diriyah 

King Saud University 

Almugaider

For More Insights On Market Intelligence, Refer To The Link Below: –

Saudi Arabia Macroeconomic Assessment

Related Reports by Ken Research: –

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US Two-Way Radio Market Outlook to 2028 Segmented by Type of Device (Digital, Analog), End-User Industry (Business use {Government and Public safety, Utilities) and Private Use) and Region

US Two-Way Radio Market is showing considerable growth over the years, moving forward with an expected CAGR of ~7% within a time period of 2022 to 2028. This rise is in the wake of digitization globally, which is pushing this market to rise up to the newer challenges.

Asia Media and Entertainment Market Outlook to 2027 Driven by Increased Consumer Spending & Government Investments, and Entry of International Brands

Advancements in virtual reality (VR), augmented reality (AR), and other immersive technologies are expected to enhance user experiences and find applications in various entertainment sectors, such as gaming, theme parks, and interactive content. Collaborations between entertainment companies in different Asian countries may increase, leading to the exchange of content, talent, and expertise, fostering a more interconnected and diverse entertainment landscape.

UAE Leisure and Entertainment Market Outlook to 2027 Driven by Increased Consumer Spending & Government Investments, and Entry of International Brands

The integration of cutting-edge technologies, such as virtual reality, augmented reality, and artificial intelligence, is expected to revolutionize the entertainment experiences offered in the UAE. This will create novel and immersive attractions, appealing to both local and international audiences.

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Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

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Computomic Announces Strategic Growth Investment from Washington Harbour Partners

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Partnership Will Accelerate and Support Rapid Expansion of AI Adoption and Data Modernization Capabilities Across Regulated Industries and Public Sector

WASHINGTON, June 15, 2026 /PRNewswire/ — Computomic, the leading global Databricks delivery partner, today announced a strategic growth investment from Washington Harbour Partners LP, a mission-first defense tech accelerator and force multiplier for U.S. and allied defense companies, during the Databricks Data + AI Summit. Computomic has established itself as a trusted partner for enterprise data modernization, large-scale legacy migrations, and AI transformation initiatives across some of the world’s most complex and highly regulated industries.

Computomic is one of Databricks’ fastest growing and most experienced delivery partners and has delivered 250+ Databricks projects across Financial Services, Healthcare & Life Sciences, Public Sector and Manufacturing. During its longstanding partnership with Databricks, Computomic has built a reputation for on time, on budget, no drama delivery and a consistent track record of completing some of Databricks most complex and strategic Enterprise engagements.

This partnership will help Computomic scale its Databricks practice, expand capacity for customers, and pursue larger, more strategic engagements while preserving the leadership, culture, delivery model, and Databricks-first focus that have defined the company’s success.

Organizations across every sector are racing to deploy AI, but many remain constrained by legacy architectures that were never designed to support modern analytics, machine learning, or agentic systems. Establishing AI-ready data platforms has become one of the most urgent priorities facing enterprise leaders today. Computomic addresses this challenge through deep expertise in legacy-to-Databricks modernization, helping organizations transform mission-critical data environments and create the foundation required for enterprise-scale AI adoption. Computomic’s experience spans large-scale modernization programs involving thousands of legacy objects, hundreds of ETL workflows, and highly complex enterprise data environments where governance, security, and reliability are critical.

“Enterprises in the world’s most demanding, regulated industries and the public sector are rebuilding around modern data and agentic AI, and Computomic has emerged as the indispensable partner guiding that transformation on Databricks,” said Mina Faltas, Founder and CEO at Washington Harbour Partners. “We are proud to partner with Computomic, the top-ranked Databricks delivery partner globally and a trusted name across financial services, healthcare, and other regulated industries. The team has built something exceptional, and we look forward to accelerating its next phase of growth.”

Through the partnership with Washington Harbour Partners, Computomic will deepen its presence within the rapidly growing Databricks ecosystem while supporting continued investment in talent, innovation, and industry-leading solutions built on the Databricks Data Intelligence platform. It will also enable the company to expand its capabilities in enterprise modernizations, AI adoption, and next-generation data architecture transformation.

“This partnership allows us to accelerate everything we’re already doing well without fundamentally changing who we are or how we serve our customers,” said Sanjeev Agarwalla, Co-Founder and Managing Partner of Computomic. “With Washington Harbour Partners behind us, we can scale our Databricks practice more quickly across regulated industries, invest in industry-leading solutions built on the Databricks platform, and help our customers modernize their data foundation to unlock AI at scale. The opportunity in front of us is enormous, and we’re excited to build on our momentum while remaining focused on delivering exceptional outcomes for our customers.”

Today’s announcement marks an important milestone in Computomic’s growth and strengthens its ability to meet increasing demand for specialized Databricks expertise. Together, Computomic and Washington Harbour Partners will expand access to new markets, broaden the company’s customer solution portfolio, and help more organizations realize greater value from their data and AI investments.

About Computomic
Computomic, based in Princeton, New Jersey, is a Databricks Gold Partner with operations in the US, EMEA, and India. At its core, Computomic is built on technical superiority, deep Databricks expertise, and a relentless focus on outcomes. We bring together exceptional engineers, architects, and problem solvers who thrive on tackling complex challenges, pushing boundaries, and delivering meaningful transformation for clients in regulated industries.

Computomic fosters a culture where talented people come to do the best work of their careers. Through innovation, collaboration, continuous learning, and high standards of execution, we empower our teams to move with agility, challenge conventions, and create measurable impact. With partnership, integrity, and technical excellence at the center, Computomic helps customers accelerate their Databricks Data and AI modernization journeys with confidence.

About Washington Harbour Partners
Washington Harbour Partners, based in Washington DC, is a private investment firm that brings a fresh approach to investors and founders, providing flexibility and deep operational expertise at all stages of the investment cycle – from growth equity to control buyouts to public markets. The firm has deep domain expertise in the areas of national security, defense technologies, cybersecurity, enterprise software, and technology-enabled services. In 2026, Washington Harbour Partners ranked sixth among all defense technology investors, and the highest ranked non-government affiliated firm to also fund private equity investments, in the Silicon Valley Defense Group’s NatSec100 report, investing in 16 of the companies named to the list.
For more information, please visit https://washingtonharbour.com/

Clearsight Advisors, Inc. served as the exclusive financial advisor to Computomic. Terms were not disclosed.

Media Contact
whp@invariantgr.com

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SOURCE Computomic

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AI Leadership vs. Hype: XPRIZE CEO Anousheh Ansari on Building What Matters

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Planet Classroom and VoiceAmerica Launch AI for a Better World Podcast, Challenging Founders and Investors to Prioritize Global Impact Over Short-Term AI Hype

NEW YORK, June 15, 2026 /PRNewswire/ — As artificial intelligence reshapes global markets—from wildfire response to climate innovation—a defining question faces the next generation of entrepreneurs: Will AI be used to chase valuations, or to solve humanity’s most urgent challenges?

The Planet Classroom Network, in partnership with VoiceAmerica, today announces the podcast premiere of “Anousheh Ansari: Building What Matters in the Age of AI.” In this high-stakes dialogue, Planet Classroom Co-Founder and CEO C. M. (Cathy) Rubin sits down with Anousheh Ansari, CEO of the XPRIZE Foundation and the first female private space explorer, to examine what separates responsible AI leadership from hype-driven innovation.

The End Goal Is Impact, Not Just Profit

“AI is just the means to get to that ultimate goal,” Ansari explains. “The end goal is not just profit, it’s impact.”

From AI-powered wildfire detection to $100 million carbon removal breakthroughs, Ansari outlines a blueprint for responsible AI leadership. She emphasizes that technological innovation fails without contextual grounding—testing solutions in real-world environments, from the Amazon rainforest to Sub-Saharan Africa.

What Separates AI Leaders from Hype-Driven Startups?

Rubin presses Ansari on how founders can navigate the pressures of rapid AI acceleration while maintaining ethical clarity.

Key insights include:

The Contextual Gap: AI startups often fail when solutions are built in isolation from real-world conditionsThe Two-Sided Value Model: Successful ventures solve both environmental and economic challenges simultaneouslyThe Legacy Test: Long-term impact—not short-term growth—defines enduring companies

A Defining Test for the AI Economy

“Technology is a tool—but humanity gives it purpose,” says C. M. (Cathy) Rubin.
“For entrepreneurs and policymakers shaping the AI economy, success cannot be measured by speed alone. It must be measured by the legacy of global impact we leave behind.”

Key Questions for the Innovation Community

Is your AI solution designed for a lab—or for the real world?Are you building for a headline—or for a generation?How does your business model balance growth with long-term planetary responsibility?

🎧 Listen Now and Rethink What AI Leadership Means

“Anousheh Ansari: Building What Matters in the Age of AI”
Available June 15, 2026, on VoiceAmerica and the Planet Classroom Network

About Anousheh Ansari

Anousheh Ansari is CEO of the XPRIZE Foundation, engineer, entrepreneur, and spaceflight participant. In 2006, she became the first female private space explorer and the first astronaut of Iranian descent. She co-founded Telecom Technologies, Inc., and Prodea Systems, and leads global competitions addressing climate, energy, and health.

About C. M. (Cathy) Rubin

C. M. (Cathy) Rubin is Co-Founder and CEO of Planet Classroom and a featured writer for Forbes. A multimedia journalist who has authored more than 800 articles on AI and innovation, she consults globally on ethical AI and education transformation.

About Planet Classroom

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SOURCE Planet Classroom Network

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In Dayton, Counseling Expert Darcie Clark Explains Online Therapy Effectiveness for HelloNation

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DAYTON, Ohio, June 15, 2026 /PRNewswire/ — Is online therapy as effective as meeting with a counselor in person? A HelloNation article explores this question and explains how telehealth counseling provides flexible therapy, accessible care, and the same quality of connection as traditional sessions. The piece highlights research showing that online therapy offers effective counseling for common concerns such as stress, anxiety, and depression. You can read the full feature in a HelloNation article.

The article notes that beginning therapy often comes with practical challenges. Travel, scheduling, and access to providers can make participation difficult. Telehealth counseling addresses these barriers by making therapy available from home, the office, or any private space. With secure platforms and encrypted video systems, online therapy extends the benefits of counseling while protecting client privacy.

Darcie Clark, Counseling Expert of Dayton, emphasizes that research consistently supports the effectiveness of online therapy. Studies show that telehealth counseling produces outcomes comparable to in-person care for many common mental health needs. Clients often discover that speaking from their own environment makes them feel more comfortable and open. Far from weakening the connection, the screen can sometimes create a greater sense of ease.

The HelloNation article also highlights the flexibility of telehealth. Without the need for commuting, clients save time and energy. Appointments can fit around work, school, and family responsibilities, which helps people attend more consistently. Consistent participation supports steady progress, making flexible therapy a valuable option for many.

Privacy is another major benefit. Some individuals feel anxious about walking into a counseling office and being seen by others. Telehealth counseling allows them to meet privately, often from their own home. This privacy helps reduce stigma and encourages people to begin therapy when they otherwise might not.

Clark also points out how telehealth supports accessible care in communities with fewer resources. In rural areas where long drives are common, online therapy offers a realistic alternative. Students can connect from campus, professionals can schedule sessions during breaks, and parents can attend therapy without arranging child care. These practical advantages expand access without reducing quality. 

The HelloNation piece addresses concerns that technology might feel awkward or distracting. Most clients adjust quickly to the format. Therapists guide the process and ensure the connection is smooth. After the first minutes, the focus naturally shifts to conversation, just as it does in an office.

Confidentiality remains a priority in telehealth counseling. Platforms used by professionals are encrypted and designed to meet healthcare privacy standards. Clients are also encouraged to choose a quiet, private location for sessions, ensuring the same level of confidentiality as in-person care.

The adaptability of online therapy is another strength. Cognitive behavioral therapy, mindfulness-based practices, and even couples counseling can all be delivered through telehealth platforms. This flexibility allows therapists to tailor sessions to a wide range of needs. For many people, the ability to access different styles of effective counseling without travel makes therapy more practical.

Still, the article makes clear that online therapy may not be right for every situation. Some clients prefer face-to-face interaction, and certain therapeutic methods are better suited to in-person settings. A counselor can help assess whether telehealth counseling is an appropriate fit. For many, though, it provides the accessibility and consistency needed to begin and continue healing.

Darcie Clark’s perspective in HelloNation underlines that the heart of therapy is the relationship between client and counselor. Whether in an office or through a video screen, that relationship remains central. Online therapy simply changes the setting, making counseling available in ways that fit daily life.

For residents of Dayton and beyond, telehealth counseling represents effective counseling that is flexible, private, and accessible. It reduces barriers to mental health care and creates opportunities for more people to benefit from therapy. As HelloNation shows, the choice between online and in-person sessions is less about effectiveness and more about preference and practicality.

Is Online Therapy as Effective as In-Person Sessions? features insights from Darcie Clark, Counseling Expert of Dayton, Ohio, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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SOURCE HelloNation

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