Specialist report expected to continue strong growth Saudi GDP at 6% during 2012 supported by the oil sector and non-oil sectors, and consumption will be the catalyst by the government sector as the main engine, boosted by higher salaries and pensions.
The report issued by the "home" of the research published by the newspaper "Riyadh" that industrial output will benefit from the government demand and social housing contracts, while helping large foreign assets to protect the country from any economic downturn.
The report issued by the company KFH Research Ltd. to improve the environment of doing business in Saudi Arabia, where she Kingdom ranked among the nations of the world in Doing Business, also began to improve in the growth of private sector credit during last July by 15.3%, in addition to the persistent attempts by official efforts to curb worsening unemployment, and the increasing volume of foreign assets to 590 billion dollars, which plays a role in protecting the country from recession, pointing out that these factors drive the promotion expectations because continue the strength of GDP growth at 6%.
The report pointed to the rise in the index President of Purchasing Managers Saudi which measures the performance of the industrial sector and the service sector to score 58.3 points in August 2012 from 58.1 points registered in July 2012.
Continued PMI which is periodically adjusted above the 50 point level well, a point that separates growth and contraction, and reflects the flexibility of the activities of the non-oil sector due to strong domestic demand.
And dominated loans private sector credit growth in July, supported by growth in deposits government, where used state some savings to direct indirect support to the corporate sector and consumers, and will be consumption stimulus by the government sector as the prime mover, in addition to increasing salaries and pensions.
Saudi Arabia is ranked 12 of the 183 economies covered by Doing Business issued by the World Bank in terms of ease of doing business as a whole.
And improved order Arabia with regard to start business activities largely to ranked tenth in the Doing Business report instead of fourth century, which was occupied in 2011.
Facilitated by Saudi Arabia to start a business procedures by combining representatives from the Department of Zakat and Income Tax on the one hand and the General Organization for Social Insurance on the other hand, the integration of the two procedures special registration of new companies in these two agencies in the consolidated center for the registration of new companies.
For dealing with the category of building permits, improved order Arabia to fourth place in the Doing Business Report, where she was in sixth place in the report of 2011, and facilitated the Kingdom dealing with the issuance of building permits for the second consecutive year by providing new processes and simplified.
Still put the Saudi oil sector in a good position on the back of increased production, has been produced monthly from high crude oil at 9.9 million barrels per day in August 2012, production has remained Monthly Kingdom of crude oil top compared to other countries of the Organization of Petroleum Exporting Countries.
The report predicted that the Saudi oil sector continues, which contributes 50% of GDP its strong performance in the coming years with the help of Saudi Aramco.
The report issued by the "home" of the research published by the newspaper "Riyadh" that industrial output will benefit from the government demand and social housing contracts, while helping large foreign assets to protect the country from any economic downturn.
The report issued by the company KFH Research Ltd. to improve the environment of doing business in Saudi Arabia, where she Kingdom ranked among the nations of the world in Doing Business, also began to improve in the growth of private sector credit during last July by 15.3%, in addition to the persistent attempts by official efforts to curb worsening unemployment, and the increasing volume of foreign assets to 590 billion dollars, which plays a role in protecting the country from recession, pointing out that these factors drive the promotion expectations because continue the strength of GDP growth at 6%.
The report pointed to the rise in the index President of Purchasing Managers Saudi which measures the performance of the industrial sector and the service sector to score 58.3 points in August 2012 from 58.1 points registered in July 2012.
Continued PMI which is periodically adjusted above the 50 point level well, a point that separates growth and contraction, and reflects the flexibility of the activities of the non-oil sector due to strong domestic demand.
And dominated loans private sector credit growth in July, supported by growth in deposits government, where used state some savings to direct indirect support to the corporate sector and consumers, and will be consumption stimulus by the government sector as the prime mover, in addition to increasing salaries and pensions.
Saudi Arabia is ranked 12 of the 183 economies covered by Doing Business issued by the World Bank in terms of ease of doing business as a whole.
And improved order Arabia with regard to start business activities largely to ranked tenth in the Doing Business report instead of fourth century, which was occupied in 2011.
Facilitated by Saudi Arabia to start a business procedures by combining representatives from the Department of Zakat and Income Tax on the one hand and the General Organization for Social Insurance on the other hand, the integration of the two procedures special registration of new companies in these two agencies in the consolidated center for the registration of new companies.
For dealing with the category of building permits, improved order Arabia to fourth place in the Doing Business Report, where she was in sixth place in the report of 2011, and facilitated the Kingdom dealing with the issuance of building permits for the second consecutive year by providing new processes and simplified.
Still put the Saudi oil sector in a good position on the back of increased production, has been produced monthly from high crude oil at 9.9 million barrels per day in August 2012, production has remained Monthly Kingdom of crude oil top compared to other countries of the Organization of Petroleum Exporting Countries.
The report predicted that the Saudi oil sector continues, which contributes 50% of GDP its strong performance in the coming years with the help of Saudi Aramco.
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