Saudi Arabia business conditions to improve

06 Apr 2016

(MENAFN) Growth of Saudi Arabia’s non-oil private sector enhanced, but remained slightly quicker than last year’s.

Moreover, the main cause of the whole improvement was higher output, while input costs grew at the slowest pace on record.

Accordingly, the kingdom’s non-oil sector records solid growth, despite low oil prices and budgetary pressure.

In addition, the kingdom’s expects GDP growth to slow to reach 1.9 percent this current year from 33.4 percent in 2015.

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