Latest / The Emerging Markets Podcast with Fexingo: Developing Economies, Growth, and Investment
How Saudi Arabia Is Becoming the New EM Powerhouse
Lucas and Luna explore Saudi Arabia's rapid transformation under Vision 2030, from NEOM megaprojects to a surging stock market. With the Tadawul All Share Index up 18% year-to-date and foreign investment flowing into tech and tourism, the kingdom is diversifying beyond oil. Lucas breaks down the numbers: non-oil GDP growth of 5.6% in Q1 2026, a $925 billion Public Investment Fund, and the listing of Aramex, a logistics spin-off. Luna questions whether the reforms can sustain momentum given regional tensions and a strong dollar. They also discuss ETFs like KSA and how Saudi Arabia is…
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