Saudi Arabia's economic expansion is forecast to slow by half this year as oil production drops and growth in public spending eases.
But the economy should still receive a boost from a government scheme to finance housing and further capital injections to banks.
"The budget is expansionary and the economy will be helped by more capital expenditure, so there will be housing appropriation and capital injections to lending institutions, helping to support banking sector loan growth," said Jean-Michel Saliba, an economist at Bank of America Merrill Lynch.
According to an articles, Saudi Arabia, followed by Qatar, will be at the forefront of job creations taking recent employment trends into account. How could the economy fall if there is constant job creation.
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