Middle East Economic Survey

VOL. LII

No 45

9-Nov-2009

SAUDI ARABIA

Economic Outlook Positive But Private Investment Low, Economists Say

Saudi Arabias short-term economic prospects look positive, due to rising oil prices, aggressive and timely government counter-cyclical policies and state-sponsored public investment initiatives, say reports released last week by a handful of banks operating in the Kingdom. But they agree that private sector lending is showing only limited growth, with banks...