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Saudi Arabia's Economy to Continue to Grow Despite Minimal Growth in Oil Sector

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Saudi Arabia’s economy is set to grow at a stable pace of around 2% in the coming year, according to ICAEW’s latest Economic Insight report. In 2019, record budget spending and various pro-growth government initiatives will ensure faster expansion of non-oil activity, even as oil sector growth slows.

The contribution from the oil sector to growth will again weaken in 2019.





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