Middle East Economic Survey


No 18


Saudi arabia

Saudi Economy To See 8.7% Growth In 2005, Says Riyad Bank

The Saudi economy is set to enjoy a year of strong growth in 2005 with GDP forecast to rise at a real rate of 8.7%, according to Riyad Bank. The healthy predictions for the Saudi economy come as oil prices remain near record highs and follow robust real growth of 5.3% in 2004. Last year was the kingdoms second best on record after 1982 the end of the second oil price...