The International Monetary Fund (IMF) expects real non-oil growth in Saudi Arabia to pick up in 2019 to 2.9% as government spending and confidence increase, according to reports, while real GDP growth is projected to slow to 1.9 percent as real oil growth slows to 0.7 percent.
The recently-released Jadwa Investment report on the Saudi economy found a positive picture developing for the Kingdom, with economic data positive in May with the non-oil PMI index reaching its highest reading since December 2017.
A recently-released joint publication from the Sovereign Wealth Fund Institute (SWFI) and Marmore Mena Intelligence examines the growing role of sovereign wealth funds (SWFs) in GCC economics.
Saudi Arabia's cabinet took the step of affirming the Kingdom's desire to avoid regional conflict and ensure stable oil markets as tensions between Iran and the United States simmer, according to the state-run Saudi Press Agency and Reuters.
Seven PV solar power projects with a capacity of 1.52 GW and worth $1.51bn (SAR5.6bn) were launched on the sidelines of the recently concluded Saudi Elenex exhibition, according to a report in ConstructionWeekOnline.
Saudi Arabia's Public Investment Fund is planning to tap the debt market for billions of dollars, according to a Wall Street Journal report, which cited comments from the country's finance minister Mohammed Al-Jadaan.
