image description
image description
Tell A Friend

FinancialNews


  • 01-08-13

    Private sector leads Saudi nonoil economy growth in 2013

    (MENAFN) Saudi Arabia is forecasted to witness 6 percent growth in nonoil economy in 2013-2014 driven mainly by the industrial and housing sector, with private sector leading the growth, reported Arab News. The kingdom has achieved a nonoil economic growth of 7.1 percent last year, while real nonoil GDP registered an average 8 percent growth during 2005-2012, boosting from 5 percent growth in 2005-2011. On the other hand, the kingdom's oil production declined by 0.7 million barrels per day in the ten months to April this year, presenting a rapid withdraw which forecasts real oil GDP to fall by 5 percent.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved