Addressing the opening ceremony, the Minister of Commerce and Industry said that Jeddah Economic Forum has become a distinct platform hosting an elite of experts from the Kingdom and abroad. Recalling the previous years of the global crisis, he said the strength of the Saudi economy had been amply demonstrated and that the measures and programs adopted by the Kingdom have been effective in overcoming the crisis that shook the whole world. Dr. Tawfiq Al-Rabiah pointed out that economic reforms undertaken by the Kingdom have been reflected on economic environment and statistics indicate the increase of Gross Domestic Product by 28% in 2011 in comparison with 2010, due to the growth of petroleum sector by 40%, adding that with regard to foreign trade, revenues amounted to SR 1300 billion in 2011, an increase of 37% compared to the previous year 2010, and it is expected to increase by 14% next year. He noted that imports amounted to SR 320 billion in 2011, an increase of 2% from the previous year 2010, indicating that economic balance achieved a surplus of SR 315 billion by 59%.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor