Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah said the Kingdom’s Vision 2030 enables the economy of the region as a whole to be built.
During his participation in the “Davos” World Economic Forum today, Wednesday, the Foreign Minister indicated that the Kingdom is betting on dialogue and investments for the future for the benefit of the entire region.
Prince Faisal continued: “We are looking for solid and strong economies in the region and work together with all neighboring countries.”
The minister added that the Kingdom’s economy will be the fastest growing quest’year.
India is expected to lose its title as the leading economy in faster growth questyear in Saudi Arabia’s favour, due to weak domestic and foreign demand.
This comes after the first official estimate released by India’s statistics ministry indicated that gross domestic product (GDP) will grow by 7% in the fiscal year ending in March.
This compares with the Reserve Bank’s 6.8% growth expectations of India, as well as the estimation media in a survey of economists conducted by “Bloomberg”, and viewed by “Al Arabiya.net”.
This performance it follows a growth rate of 8.7% from the previous year and will rank second after Saudi Arabia’s projected growth of 7.6%, thanks to gains from rising energy prices.
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