Saudi Arabia’s economy achieves highest growth rate since 2011: Govt data

Saudi Arabia’s economy grew 9.6 percent in the first quarter of 2022, compared to a year earlier, powered by oil activities, according to flash government estimates on Sunday.

For the latest headlines, follow our Google News channel online or via the app.

That would be the highest growth rate since 2011, according to the Saudi General Authority for Statistics.

Read more:

High oil prices to power Gulf economies amid inflation risks

Saudi Arabia’s new investment law to increase international business by over 50 pct

Saudi Arabia’s economy to grow by 2.8 percent amid record-high oil prices: IMF