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00:00So, Saudi's efforts to diversify and boost non-oil growth,
00:06I mean, how do you rate the performance overall?
00:10Well, over the last few years, certain number of reforms
00:13have helped Saudi not only to grow the economy,
00:16but also to reduce unemployment.
00:19Unemployment is at the lowest level in decades,
00:23especially at the youth level.
00:24Women's participation in the economy increased from 14% to 34% in five years.
00:30And this is despite the various shocks, COVID, the inflation shock,
00:34the uncertainty that we are living through.
00:38Therefore, Saudi economy is vibrant, dynamic,
00:41and reforms have been very much impacting positively the outcome of the economy.
00:47Of course, the oil sector is still an important component of the economy,
00:51but the development of the non-oil sector,
00:54the development of a certain number of new activities
00:56are helping the economy to diversify not only the GDP,
01:01but also the state revenues.