Saudi Arabia expects 2.6% growth rate

Riyadh - Mubasher: Saudi finance minister Mohammed Al Jadaan said on Tuesday that the Kingdom’s gross domestic product (GDP) is expected to grow by 2.6% in 2019, compared with 2.3% in 2018.

The minister also noted that the policy of the Public Investment Fund (PIF) is based on medium to long-term investments, and that it did not contribute revenues to 2018 and 2019 budgets.

PIF is chaired by Crown Prince Mohammed bin Salman, and it manages over $250 billion in assets.

Mubasher Contribution Time: 18-Dec-2018 20:40 (GMT)
Mubasher Last Update Time: 18-Dec-2018 20:40 (GMT)