UPDATE 1-Saudi finance minister says oil GDP to fall 3% this year - Reuters:
Saudi Arabia expects its oil gross domestic product (GDP) to fall by 3% this year, its finance minister said on Thursday.
“For the non-oil GDP we maintained GDP growth at 2.9%,” Mohammed al-Jadaan said at the Future Investment Initiative conference in Riyadh.
Foreign direct investment has increased year to date, Jadaan said, adding that local private investment grew 1.3% in the first half of the year.
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