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FINANCIAL NEWS
KSA forecasts healthy results for its economic growth
01 Nov 2015
(MENAFN) According to the country’s Foreign Minister, Saudi Arabia’s financial deficit this year is controllable in spite the low oil prices, and the Kingdom’s economic development rate and financial health will stay robust.
Kingdom’s officials explained that the kingdom is undergoing a huge infrastructure development program in terms of airports, roads, hospitals, highways, housing and so forth and so there was a lot of spending.
The nation has a great infrastructure, very professional enterprises, attractive laws for foreign investments and this is proven from the vast numbers of investors coming into the kingdom, as stressed by the foreign minister.
Additionally, the minister strongly denied that Saudi Arabia was financially hurting after a question was posed to him regarding deficits the Kingdom is forecasted to experience by end of the current year.
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