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Saudi GDP set to grow 7.5% – AMF

Abu Dhabi-based Arab Monetary Fund (AMF) has said high oil prices and production is expected to boost Saudi Arabia's real economy by nearly 7.5% this year, higher than the 6.5% projection by the International Monetary Fund (IMF) and above all local forecasts, Emirates 24-7 has reported. The projected growth rate will be one of the highest rates in the kingdom's history and more than 37 times the growth of 0.2% recorded in 2009.