Middle East Economic Survey

VOL. XLVIII

No 45

7-November-2005

SAUDI ARABIA

Saudi Economy Shows Best Performance In 2005, Says Samba

The Saudi economy, entering a boom cycle, is at its best performing period ever, according to the Samba Financial Groups third quarter economic report on Saudi Arabia published on 22 October. Throughout 2005 record high oil prices will help sustain Saudi oil at an average price of $51/B. Real GDP will grow at 6.8 % and nominal GDP at 9.8%. Saudi Arabia is showing a...