The Saudi economy grew in the third quarter of this year by 2.8 percent, after four consecutive quarters of contraction, supported by a rise in oil activities by 4.2 percent, according to preliminary estimates of the General Authority for Statistics in the Kingdom.
The growth compares with a contraction in Saudi GDP of 3.2 percent in the third quarter of last year, and a 0.3 percent quarter-on-quarter decline.
On the other hand, the Saudi Central Bank's (SAMA) total reserve assets grew by 4 percent, year-on-year, in September to reach 1.71 trillion riyals ($455 billion), compared to 1.64 trillion riyals ($436.6 billion) in the same period last year.
