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Saudi Arabia's Q3 GDP grows by estimated 2.8% y/y

By Economic Times - 3 weeks ago
Saudi Arabia's economy grew 2.8% in the third quarter year on year, driven by a 4.2% rise in non-oil activities. Despite a 0.3% growth in the oil sector, overall economic growth remains subdued due to lower oil prices and production. Efforts are ongoing to enhance non-oil GDP under Vision 2030 strategy.

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