The annual report of the Saudi Arabian Monetary Agency has revealed that the kingdom's economy grew by 4.3% last year, according to Gulf News. The study also stated the private sector expanded by 6.4% last year, its highest growth rate in 25 years, while the public sector advanced by 6.1%. Increased local and foreign investment as well as continued high hydrocarbon revenues were cited as positive factors. [AMEInfo.com]



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Posted: 09|29|07 at 9:37 am. Filed under: News.