The Saudi Minister of Finance said that the Kingdom achieved a budget surplus of 27.8 billion riyals in the first quarter of this year, the first since 2014.

Muhammad Al Jadaan's speech came during a participation in the activities of the first session of the Financial Sector Conference at the Ritz-Carlton Hotel in Riyadh.

Al-Jadaan explained that the Kingdom's non-oil revenues amounted to 76.3 billion riyals in the first quarter of 2019, while foreign direct investment in Saudi Arabia rose 28% at the end of the period.

He pointed out that these indicators, especially non-oil revenues, reflect the policies of diversifying the Kingdom's sources of income, which are in line with the goals of the Saudi Vision 2030.

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