Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Jim Cramer’s top 10 things to watch in the stock market Thursday

November 6, 2025

China could win a contest with the US ‘before a shot is even fired’: strategists

November 6, 2025

Bank of England holds interest rates unchanged for second meeting

November 6, 2025
Facebook X (Twitter) Instagram
Thursday, November 6
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Saudi Arabia’s non-profit sector adds over $26.7 billion to economy in new record
Middle East & Africa

Saudi Arabia’s non-profit sector adds over $26.7 billion to economy in new record

adminBy adminMarch 6, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 139


The sector’s rapid growth is on track to reach 5 percent of GDP two years ahead of schedule

For the first time in its history, Saudi Arabia’s non-profit sector has exceeded SAR100 billion ($26.7 billion) in economic contribution, accounting for 3.3 percent of the Kingdom’s gross domestic product (GDP), according to the Prospects for the Non-Profit Sector 2025 report by the King Khalid Foundation.

The report highlighted key contributions within the sector: Awqaf accounted for SAR48 billion, according to the General Authority for Awqaf, while non-profit organizations contributed SAR47 billion in spending, based on data from the General Authority for Statistics (GASTAT). Additionally, volunteering added an estimated SAR5 billion in economic value, while cooperative societies contributed SAR2 billion, according to the Ministry of Human Resources and Social Development.

Read | Saudi Arabia’s private equity transactions hit $2.8 billion across 15 deals in 2024: Report

The sector’s rapid growth is on track to achieve the Vision 2030 target of reaching 5 percent of GDP two years ahead of schedule.

Key contributors

Education and research organizations led the sector in revenue generation, surpassing SAR19 billion, while health organizations recorded the highest spending at SAR15 billion, driven by the conversion of government assets in health and education into non-profit entities. Meanwhile, organizations focused on culture, entertainment, and social services reported the highest employment rates.

The report also examined funding sources, emphasizing the role of government support and digital donation platforms, which collectively raised over SAR15 billion in 2024.

The National Platform for Charitable Work (Ehsan) saw a significant contribution from small donors (SAR1, SAR10, and SAR100), while major philanthropists (donations of SAR100,000 or more) accounted for 26 percent of total contributions.

On the community level, engagement in the non-profit sector remained strong, with 23 percent of Saudi citizens participating in volunteer work and 47 percent making donations in 2024.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Middle East & Africa

Rescue bid launched for hundreds trapped in South African gold mine | Mining News

May 23, 2025
Middle East & Africa

DRC’s conflict demands a new peace model rooted in inclusion and reform | Conflict

May 23, 2025
Middle East & Africa

DR Congo strips ex-President Kabila of immunity | Armed Groups News

May 23, 2025
Middle East & Africa

Will the United States deport people to Rwanda? | Refugees News

May 23, 2025
Middle East & Africa

‘Tortured’ Ugandan activist dumped at border following arrest in Tanzania | Politics News

May 23, 2025
Middle East & Africa

Trump’s Ramaphosa ‘ambush’: Key takeaways from heated White House meeting | Donald Trump News

May 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

CAT overturns Rs40mn fine on Al-Ghazi Tractors – Business & Finance

November 6, 2025

Gold price per tola gains Rs3,700 in Pakistan – Markets

November 6, 2025

Pakistan announces multi-billion upgrade for Gaddani, new Green Ship Yard at Port Qasim – Business & Finance

November 6, 2025

Gilgit-Baltistan could enhance agriculture produce by up to 30% via tech: study – Business & Finance

November 6, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Jim Cramer’s top 10 things to watch in the stock market Thursday
  • China could win a contest with the US ‘before a shot is even fired’: strategists
  • Bank of England holds interest rates unchanged for second meeting
  • SHKP unit Mega Asia wins tender for MTR’s Tuen Mun site
  • China’s Xi Jinping says Hainan free-trade zone will spearhead ‘new era’ of opening up

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Jim Cramer’s top 10 things to watch in the stock market Thursday

November 6, 2025

China could win a contest with the US ‘before a shot is even fired’: strategists

November 6, 2025

Bank of England holds interest rates unchanged for second meeting

November 6, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.