(EnergyAsia, July 12 2013, Friday) — For the first time in memory, growth for Saudi Arabia’s oil-dependent economy will be driven entirely by infrastructure building, construction, tourism, telecommunications, banking and services. The oil sector, which provides around 90% of government revenue, will be the drag in 2013 as it is expected to shrink by 1.5%…
SAUDI ARABIA: Non-oil sector to fuel GDP’s projected 4.2% growth in 2013
Posted on July 12, 2013 by EnergyAsia