10 Oct 2012
(MENAFN) The International Monetary Fund (IMF) stated that during the current year, Saudi Arabia’s net foreign assets are expected to grow by USD166 billion to USD701 billion, reported Emirates 24/7.
The IMF attributed the forecasted increase to higher oil prices and output.
At the end of next year, the country’s net foreign assets are expected to reach USD843 billion and to grow to USD953 billion at the end of 2014 and to hit USD1.5 trillion at the end of 2015.
Moreover, at the end of 2016, the assets are expected to expand to USD1.128 trillion and to USD1.213 trillion at the end of 2017.
The IMF made its 2012 forecast on the basis of a Saudi crude price of nearly USD109 per barrel, USD105 in 2013, USD98.5 in 2014, around USD93 in 2015, USD89.5 in 2016 and USD87.2 in 2017.
It is worth noting that in 2011, the Kingdom’s foreign assets reached USD535 billion.
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more