Saudi economy seen up by 2.5% in 2019, says Al–Tuwaijri

The Saudi economy is expected to grow by 2.5 percent in 2019, boosted by the robust performance in Q1, Al Arabiya TV has reported citing Mohammed Al–Tuwaijri, the Saudi Minister of Economy and Planning on the sidelines of the Saudi Crown Prince’s visit to South Korea.

“The international Monetary Fund (IMF) has another “limited” outlook for the Saudi economy, which depends on oil output in addition to other factors,” Al–Tuwaijri added.

However, the ministry’s estimates are based on investments, internal initiatives and economic activities, he noted.