154 The third quarter saw annual growth of 8.8% in SAUDI Arabia’s gross domestic product, keeping the oil-rich nation on track to have the fastest growth rate among the Group of 20 (G20) countries this year. Saudi Arabia has previously stated that it expects its economy to grow by 8.5% for the entire year and to post its first budget surplus in almost a decade. The statistics point to some progress in Crown Prince Mohammed bin Salman’s efforts to diversify and open up the economy of the largest crude exporter in the world. These goals depend in part on Saudi Arabia’s capacity to attract more foreign investment. You Might Be Interested In BYD Opens First Electric Vehicle Plant in Thailand, Strengthening Its Position in Southeast Asia Vietnam’s Top 5 E-commerce Platforms Expected to Generate Total Revenue of $12.4 Billion AT&T’s High-Yield Dividend: Sustainable or Suspicious? Deutsche Bank Appoints Rodolfo Siason as Chief Country Officer for the Philippines Cognizant Bolsters Engineering Expertise with $1.3 Billion Belcan Acquisition Electronics exports seen to fall flat
