RIYADH: Saudi Arabia’s overall gross domestic product growth is expected to hit 8.7 percent in 2022, according to a report by Jadwa Investment, up from an earlier forecast of 7.7 percent.
In its Macroeconomic Update report, the firm noted that the Kingdom’s oil GDP is projected to witness a year-on-year growth of 16.6 percent, while the non-oil market will rise by 4.3 percent, driven by higher private sector growth of 4.4 percent.
“Since the start of the year, Jadwa’s non-oil…