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FINANCIAL NEWS
Non-oil revenue in KSA to enhance by 512pct
11 Aug 2016
(MENAFN) Saudi Arabia aims to increase its non-oil revenues and enhance the national economy by making new decisions, involving the application of entry tariffs for first time Haj and Umrah visitors.
Furthermore, the new decisions reflect the kingdom”s efforts to move ahead with growing the sustainability of the country and to increase the quality of life for whole citizens.
Accordingly, these decisions will support to boost the sector profits by more than 512 percent, a fivefold increase on the kingdom”s non-oil revenues for last year.
Meanwhile, this will also permit the kingdom to develop strong infrastructure and to rationalize national expenditure, which will grow state budget revenues.
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