Saudi Arabia’s economy is expected to gain further momentum in the third quarter of 2026, supported by strong domestic demand, continued investment and improving regional trade conditions, according to a recent forecast by Standard Chartered.
The bank’s latest global research highlights the Kingdom’s economic resilience despite regional uncertainties, with ongoing diversification efforts and consumer spending contributing to sustained business activity.
Consumer demand remains a key growth driver, with point-of-sale transactions increasing by 6% year-on-year in May 2026. Continued investment, easing inflationary pressures and improvements in the labour market are also expected to strengthen business confidence and economic performance.
The report further highlights the recovery in regional trade, including a near-full rebound in Saudi oil exports following the partial reopening of the Strait of Hormuz, providing additional support for economic activity.
Mazen Bunyan, CEO and Head of Coverage for Saudi Arabia at Standard Chartered, emphasised that the Kingdom’s economic resilience and diversification progress are creating new opportunities for investment and private sector growth.
Looking ahead, Standard Chartered expects these positive developments to reinforce Saudi Arabia’s position as a leading regional investment destination, supporting long-term economic diversification and business expansion.
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