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Markets

Saudi Arabia expects more than 5% medium-term non-oil growth, minister says

Published February 19, 2024 Updated February 19, 2024 01:54pm
Photo: Reuters
Photo: Reuters
By

RIYADH: Saudi Arabia’s non-oil growth is expected to be above 5% in the medium term, Finance Minister Mohammed Al Jadaan said on Monday.

“If you look at the non-oil GDP, it is growing at very healthy numbers: 4% and north of 4%.

UAE’s non-oil trade hits record $953bn in 2023

We are expecting 5%-plus (percent) in the medium term,“ Jadaan told delegates at the Saudi Capital Markets Forum in Riyadh.

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