Minister of Planning Khaled Bin Muhammad Al-Gosaibi reported today the non-oil sector now
accounts for 64 percent of the Kingdom's Gross Domestic Product (GDP), and that the private
sector's share stands at 46 percent of the GDP. The non-oil sector has been growing
steadily throughout the current Sixth Five-Year Development Plan (1995-1999), which has
been channeling 72.3 percent of government spending to manpower development and social
services. The Seventh Plan (2000-2004), which was announced last month, will continue to
focus on ways of diversifying the oil-dependent economy, giving the private sector a
greater role, employing Saudi nationals, and privatizing companies.