16Feb2005 British magazine highlights strength of Saudi economy

LONDON, 16 Feb 2005

A British specialized economics magazine highlighted the strength of the Saudi economy and the positive results achieved by it.

Middle East Economic Digest said the Saudi economy achieved a high growth of 15 percent. In a report, the magazine said the state's budget scored an estimated USD28 billion surplus, the highest in two decades. On the basis of the strong signs of the Saudi economy, the magazine predicted continued government spending on development projects.

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