Saudi Arabia’s economy, the largest in the Arab world, is likely to maintain its gross domestic product growth rate of 6.8% this year due to the kingdom’s expansionary budget, which will play a vital role in supporting the economy, the nation’s finance minister said.
Separately, Al-Assaf said that the General Authority of Civil Aviation, which earlier this year announced its first ever sukuk, or Islamic bond, offering, was planning a second sukuk this year to help fund construction of the SAR27.1 billion new King Abdul Aziz International Airport in Jeddah. GACA offered sukuk valued at SAR15 billion to investors on Jan. 10 and the offering was three times oversubscribed……………………………………….Full Article: Source