Middle East Economic Survey
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...