Home News Saudi Arabia’s economy grows 9.6% in the first quarter of 2022, supported...

Saudi Arabia’s economy grows 9.6% in the first quarter of 2022, supported by oil sales

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Economic growth has been fueled by a recovery in oil sector activities.

During the first quarter, oil activity in Saudi Arabia increased by 20.4% and non-oil activity by 3.7%, according to government forecasts.

If the estimates are confirmed, they would mark the highest rate of economic growth since 2011, the Saudi General Statistics Authority said.

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