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Saudi nonoil sector seen to drive growth in 2013-14

QNB Group has said Saudi Arabia’s nonoil sector will continue to grow strongly, reflecting government-led infrastructure and mining projects, Arab News has reported. The kingdom had the second best economic growth performance among G-20 states in 2012 (6.8%), confirming the strong performance over the last five years, with the third highest G20 real GDP growth rate in 2008-12 (averaging 6.1%), just below the growth rates of China and India, the report said.