Middle East Economic Survey

VOL. LIV

No 21

23-May-2011

SAUDI ARABIA

Questions Remain Over Saudi Private Sector Growth Potential, BSF Says

The Saudi governments considerable state spending program unveiled earlier this year and intended to support its citizens has, according to Banque Saudi Fransi (BSF), left a question mark over whether the kingdom will be successful in diversifying away from its reliance on oil by instigating greater levels of private sector activity. Private sector GDP...