Middle East Economic Survey

VOL. LIV

No 43

24-Oct-2011

SAUDI ARABIA

Jadwa Raises Saudi GDP Growth Forecast To 7.1% On Higher Oil Production

Riyadh-based Jadwa Investment has raised its projection for 2011 Saudi real GDP growth to 7.1% from 5.6%, as a result of an upward revision to its forecast for Saudi Arabian oil production. In the report Economic Projections 2011 Revised Up, published on 16 October, Jadwa said: Oil production has been raised to long term highs this year to compensate for...