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FINANCIAL NEWS
Spending volume in Saudi Arabia reached USD718 b
19 Sep 2013
(MENAFN) A senior Saudi official said in a major forum in Los Angeles that Saudi Arabia recorded a total spending volume of USD718 billion since 2008, while its investments were estimated at USD141 billion, according to Arab News.
Abdullatif Al-Othman, governor of Saudi Arabian General Investment Authority (SAGIA) commented: “The size of the Saudi economy has quadrupled during the last 10 years to rank first among countries of the region and 19th at the global level.”
Mr. Abdullatif has mentioned the strong trade relations between Saudi Arabia and the US as the volume of trade exchange between them reached USD77 billion last year.
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