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FINANCIAL NEWS
Private sector leads Saudi nonoil economy growth in 2013
01 Aug 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.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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