Middle East Economic Survey


No 7


Saudi Arabia

Saudi Economy Set For Strong Growth In 2006, Says Bourland

The Saudi economy is set for strong growth again in 2006, with nominal GDP above $350bn on the back of forecast strong oil prices, according to Samba Chief Economist Brad Bourland. Addressing the CERA Week conference in Houston on 7 February, Mr Bourland noted that the kingdom had posted a budget surplus since 2001 but remained challenged by its strong demographic...