Saudi Arabia’s growth likely to record 7.4% in 2022: Finance Minister

The kingdom’s inflation is projected to hover around 2.1% to 2.3% by the end of the year

Staff Writer, Arab Finance

May 25, 2022

PHOTO

Saudi Arabia is expected to record economic growth of 7.4% in 2022, Saudi Gazette reported on May 23rd, citing Minister of Finance Mohammed Al-Jadaan.

The kingdom’s inflation is projected to hover around 2.1% to 2.3% by the end of the year, Al-Jaadan added in a discussion during the World Economic Forum in Davos.

The minister also dismissed any immediate plans for transferring funds to the Public Investment Fund (PIF).

Moreover, he stressed that the Saudi government is determined to carry on its reforms, including the diversification of economy, along with the mega project of NEOM.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO