Saudi Arabia reaping fruits of economic reforms
Saudi Arabia, the biggest economy in the Middle East, is among the very few countries that have proved to be quite strong and robust.
According to Khaled Al-Aboodi, the chief executive officer of Islamic Corporation for the Development of the Private Sector, the reason are the large number of effective reforms that were undertaken in the last few years. He added the fact that Saudi Arabia’s economy is anticipated to grow by 6.5 percent this year which is much higher than the average growth rate of both the developed as well as the developing countries.
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