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Saudi Arabia Economic Outlook - Spring 2018 (English)

The Kingdom of Saudi Arabia is proceeding swiftly on its ambitious multifaceted reform agenda. In 2018, authorities are continuing their commitment to the OPEC deal, which is in place throughthe end of the year, by restricting oil production and implementing major reform initiatives to counter the pervasive problems in its oil-dependent economy. With subdued oil production, and a private sector still adapting to fiscal consolidation, growth is likely to be dependent on the trajectory of new public spending that has been recently announced.

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Saudi Arabia Economic Outlook - Spring 2018 (English). MENA Economic Outlook Brief Washington, D.C. : World Bank Group.