(MENAFN) BMI Research affirmed that Saudi Arabia is expected to see a substantial boost in its real GDP growth within this year and beyond.
In its report, BMI said that the acceleration is to be driven by growing oil production and prices as well as rebounding business confidence.
The report also unveiled Saudi Arabia's GDP growth to be projected for a 1.9 percent increase this year, and a 3.4 percent rise next year.
It comes as BMI raised its projections of a 1.6 percent increase in 2018 and 2.1 percent in 2019 due to a ramp-up in oil production over the quarters ahead after the Opec meeting in June.
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