SAMA says Saudi can achieve 4.4% growth in 2014

March 18, 2014 3:36 am

Fahad al-Mubarak, governor of the Saudi Arabian Monetary Agency (SAMA) has said the kingdom’s economy can achieve growth of 4.4% this year, in line with a forecast by the International Monetary Fund, Reuters has reported. “We see that the private sector will be the main growth driver this year. Government investments continue to be the main driver for private sector growth, so I am optimistic,” al-Mubarak told an annual news conference. “I do not see high risks in specific areas.”