Complex Made Simple

Saudi Arabia’s GDP expected to grow 4% this year

Saudi Arabia's National Commercial Bank (NCB) has said the kingdom's gross domestic product (GDP) is expected to grow by 4% in real terms this year, despite the regional, Arab News has reported. "The positive business outlook is feeding more enthusiasm with companies remaining steady for investment in business expansion," said NCB's senior vice president and chief economist, Said Al-Shaikh. "The GDP fall in 2013 compared to 7.8% in 2012 is due to lesser oil production," he said.