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The Green Spine, designed by URB in collaboration with EPIC Lab, promises to redefine urban mobility through 100 per cent solar-powered trams and eco-conscious infrastructure
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Saudi Arabia Hopes for Stronger GDP Growth
JEDDAH - Saudi Arabia, the world’s largest oil exporter, hopes for stronger economic growth in 2010, finance minister Ibrahim Al Assaf said.
“The economy is in still in a good state, it still grows, it grows well and we expect it, God willing, to grow stronger next year,” he told state-owned news channel Al Ekhbariya late on Monday.
Saudi Arabia said on Monday that gross domestic product is estimated to have grown by 0.15 per cent in real terms in 2009 with non-oil GDP gaining 3 per cent. The kingdom forecasts its fiscal deficit to rise to 70 billion riyals ($18.7 billion) for 2010, as it raises investments to stimulate the biggest Arab economy.
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