Big prediction for Saudi Arabia
Riyadh: The US credit rating agency S&P Global has predicted positive growth in the Saudi economy this year (2021).
According to a report by a foreign news agency, the S&P Global Rating says that due to the prevention of coronavirus, the fiscal deficit will be recorded less this year. Yes, demand in various sectors will increase.
Saudi Arabia’s strong economic policy will boost the economy.
Higher oil prices will support the country’s growth this year. Last year, a global pandemic hit the oil market, but Saudi oil company Aramco continued to grow.
Saudi company Aramco left everyone behind
According to the ratings agency, Saudi Arabia’s 2021 oil and exports, such as plastics and petrochemicals, will benefit from increased global demand.
Considering that Aramco is the world’s largest oil company, its flexible and strong fiscal policy led to its success. Saudi Aramco distributed a profit of 281 billion riyals (75 billion) to shareholders in 2020, while Energy The revenue of other companies belonging to the sectors of