Economy

SAUDI ECONOMY

Saudi Arabia’s commitment to extended OPEC cuts ‘will result in oil production having negative effects on GDP’, Jadwa Says

The IMF says the steep fall in oil prices is likely to dampen growth in Saudi Arabia.
A recent report on the Saudi economy by Riyadh-based Jadwa Investment finds that overall GDP growth will be 0.1 percent in 2017 (compared to 1.4 percent in 2016) due to a sharp decline in oil sector GDP.

BECHTEL

Bechtel Appoints Abdulrahman Al-Ghabban as New Country Manager in Saudi Arabia

Ghabban2
Al-Ghabban is the first Saudi national to hold the position for Bechtel.

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