Saudi Arabia: Exports set to rise

Published February 19th, 2006 - 07:31 GMT

Saudi exports are inclined to rise during 2008 to nearly US$ 198 billion compared to US$ 170.5 billion in 2005, a Saudi economic official was quoted as saying on Thursday.

 

Director of the Saudi exportation development center, Eid Al-Qahtani told the Al-Watan newspaper that the non-oil Saudi exports are projected to rise from US$ 15.46 billion in 2004 to US$ 24.26 billion in 2008.

 

He added that statistics indicate that the growth of Saudi non-oil exports would amount to about 20 percent by the end of 2008, from US$ 17.6 billion in 2006 to US$ 20.26 billion in 2007.