Putin's war will propel Saudi Arabia's product to an all-time high
Doron Peskin, Middle East Expert 24.05.2022
Growth in the Saudi economy has climbed to a decade high following a sharp rise in oil production, and the value of domestic product may reach more than a trillion dollars this year. The surge in barrel prices has turned energy giant Aramco into a company with the highest market capitalization in the world.
The crisis in the global energy market bodes well for the Saudi economy, which is expected to break an all-time record this year. According to estimates by the International Monetary Fund, Saudi Arabia's GDP could total more than $1 trillion, compared to about $ 850 billion last year.
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