Iraq has approved the bidding process for a $4.6 billion oil pipeline linking Basra to Haditha, in a step aimed at strengthening its crude export infrastructure. The planned pipeline will stretch 685 km, transporting crude oil from southern Iraq to northern regions.
The value of service exports from Saudi Arabia in Q4 2025 reached SAR66.1 billion ($17.61 billion), while service imports into the Kingdom reached SAR119.6 billion, the General Authority for Statistics (GASTAT) has stated.
Saudi Arabia’s non-oil economy is entering a new phase. After a decade of rapid expansion driven by reform and public investment, future growth is expected to be shaped less by scale and more by competitiveness, productivity and export capability.
The food and non-alcoholic beverage sales in the Arab region (16 countries) is expected to have surged 8.6 percent to surpass $430 billion by the end of 2025, making up 4.2 percent of the global total, a figure which is projected to exceed $560 billion by 2029, a report said.
