18 Hrs
Source:
الاقتصادية
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Saudi Arabia forecasted to grow 7.9% next year
The International Monetary Fund forecasts that Saudi Arabia's economy will grow by 7.9% in 2027, with oil production and exports gradually recovering after being impacted by the Iran war and the disturbances in the Strait of Hormuz. The report indicated that Saudi Arabia was less affected by energy disruptions due to the diversity of its oil export routes, particularly through the East-West pipeline. It is also expected that oil exports will return to pre-war levels, supported by an increase in pipeline capacity to 10 million barrels per day after resuming transportation following a temporary halt. The outlook highlights that strong growth in 2027 reflects a gradual improvement in production and exports, despite ongoing risks in the Strait of Hormuz and the impact of the conflict on oil markets.
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