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FINANCIAL NEWS
Saudi health sector growth to hit record in 2015
09 Jan 2015
(MENAFN) Saudi Arabia’s health care sector will continue to register high growth as companies expand their capacities, Al-Rajhi Capital said in a recent report, Arab News reported.
There is high optimism among investors as the Kingdom plans to open up its equity market to qualified foreign institutional investors (FIIs) for direct ownership.
On the other hand, oil prices have dropped significantly and recovery is expected to be sluggish, said the report titled “Saudi Arabia: Equity Market Outlook.”
A countercyclical budget for 2015 despite the drop in oil prices is likely to boost the nonoil sectors. Favorable demographics and an increase in wages will benefit the consumer-oriented sectors.
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