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FINANCIAL NEWS
Saudi’s nonoil sector set for strong growth
10 May 2015
(MENAFN) The Saudi economy will remain strong in 2015, despite the lower oil prices as the nonoil private sector will record tough growth in the middle of variegation in the national economy, Arab News reported.
According to reports, the oil sector is expected to grow by 1.6 percent in 2015, compared to 1.7 percent in the pervious year, while oil production is expected to increase by 1.1 percent in 2015.
The Jadwa Investment report says that the economy will do well with yearly growth in the oil sector, remaining positive in 2015, as average oil output is likely to rise on the back of higher domestic consumption.
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