Saudi finance minister announces first budget surplus since 2014

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Wed, 2019-04-24 10:26

DUBAI: Saudi Arabia achieves first budget surplus since 2014 at about $7.41 billion in the first quarter, the country's minister of finance said on Wednesday.

Foreign direct investment in Saudi Arabia increased by 28 percent in the first quarter, Mohammed Al-Jadaan added.

The country is also launching a $3.33 billion initiative to support the growth of private sector, including SMEs, he said.

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