Kuwait-based Global Investment House (Global) says Saudi Arabia has recovered from the global financial crisis of 2008 and has seen acceleration after gross domestic product (GDP) growth fell below 1% in 2009 on the back of ambitious spending plans and various public initiatives facilitated by the government, Times of Oman has reported. The International Monetary Fund expects the kingdom's economic expansion to decelerate thereon, though remaining within healthy levels posting real GDP growth of 3.3% in 2012 and average at 4.4% until 2016.
You might also like...
Red Sea Global awards Marina hotel infrastructure
18 April 2024
Aramco allows more time to revise MGS package bids
18 April 2024
Morocco tenders high-speed rail project
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.