01/08/2012
An economic report expected that the status indicator of the Saudi economy in the current year will reach 105.3 points, and said that the Saudi economy will graw an average rate of 5.3 per cent this year which will have a major impact in promoting the growth of the oil sector and the non-oil, and reduce inflation, stressing that Government expenditure continues to be a major driving force for national economic growth.
A report of forecasting the economic situation index of the Saudi economy for the year 2012 issued by the Riyadh Chamber of Commerce ensured the ability of the Saudi economy to cope well with the current global economic slowdown, even in the case of exit of the debt crisis in the euro area of control causing the return of the recession of the global economy again.
The report pointed out that these results have been reached through the study and analysis of variable economic actual data affected 2011, which was as follows: imports of capital equipment valued at $ 209.4 billion riyals, non-oil exports 175.5 billion riyals, productive factories 5043 factories, new licensing of residential,commercial and industrial real estate sector 105.1 license, industrial loans from the Industrial Development Fund 27.4 billion riyals, the direction of the Capital Market 6418 index points, the money supply 1.0664 trillion rials, the value of construction contracts that were knocked 156.2 billion riyals, oil production 1.195 trillion riyals.
