Middle East Economic Survey

VOL. LIII

No 21  

24-May-2010

SAUDI ARABIA

Higher Government Outlays Help Saudi Economy But Lending Still Hindered, Says BSF

Improvements in Saudi Arabia’s economic outlook have been set in motion by sizeable government spending outlays, but bank lending has yet to take a consequential role in shoring up the recovery process, says Banque Saudi Fransi (BSF) in an 18 May report. “A factor hindering a bank credit recovery is the project...