Middle East Economic Survey

VOL. LIV

No 3

17-Jan-2011

SAUDI ARABIA

Government Spending Driving Saudi Economic Growth In 2011, Says Jadwa

The Saudi economy is expected to strengthen in 2011. Economic performance will improve though it will remain driven by government spending, according to Jadwa Investments Economic Outlook for 2011. The kingdoms economic growth rate is forecast at 4.2% in 2011 from 3.8% in 2010. Growth in both the oil and non-oil sectors will pick up and oil production is...