UAE Aims To Grow Economy At 7% In 2024, Minister Says At Economy Middle East Summit 2024
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UAE aims to grow economy at 7% in 2024, minister says at Economy Middle East Summit 2024
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The World Bank is forecasting a 5.9% growth for Saudi Arabia’s economy in 2025, surpassing previous estimates. This surge is fueled by heightened non-oil activities and anticipated increases in oil prices, as explained by Roberta Gatti, Chief Economist for the Middle East and North Africa (MENA) region at the World Bank. The bank now expects the Kingdom’s economy to expand by 5.9% next year, a significant increase from its earlier prediction of 4.2%. It also forecasts a 4.8% growth in the non-oil private sector in Saudi Arabia this year.
Extreme uncertainty underpins subdued Mena growth forecasts
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