Non-oil sector expected to drive Saudi economic growth in 2020, says Al-Kholifey

22/02/2020 Argaam

 

Saudi Arabia’s economy is expected to grow this year, backed by the non-oil sector, Ahmed Al-Kholifey, governor of the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank, told reporters today.

 

“We have a positive view on the Saudi economy, the forecasts are positive and growth is expected to be higher than last year, especially from the private sector,” Al-Kholifey said on the sidelines of the G20 finance ministers and central bank governors’ meeting.

 

He added that it was too early to assess the economic damage caused by the new coronavirus, which has emerged in China and spread globally.

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