Saudi Arabia’s electricity and gas supply sector sees 21.5% growth: GASTAT
Saudi Arabia’s electricity and gas supply sector grew by 21.5 percent in August compared to the same month last year, according to the General Authority of Statistics. The electricity and gas sector has consistently shown high annual expansion since the start of 2023. Factors contributing to this growth are the Kingdom’s investments in energy infrastructure, including […]
Saudi Arabia forecasts slower growth, budget deficit for 2023
Saudi Arabia has lowered its growth forecast and expects to post a budget deficit this year rather than an earlier projected surplus, a preliminary budget statement showed on Saturday. The largest Arab economy expects real gross domestic product to grow by 0.03 per cent this year, the document released by the ministry of finance showed, […]