Saudi minister of finance said Saudi Arabia has achieved progress in diversification of
its economic base. The private sector is contributing by almost by 60% to the growth.
The statements were made in a press conference following his meeting with the World Bank
Group President. Signaling 4-5 percent growth rate, the minister confirmed that Saudi
Arabia has its own defense lines to offset decline of oil prices.
Last Modified Date: 02/06/2014 - 10:40 AM Saudi Arabia Time
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