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Custodian of the Two Holy Mosques Chairs Cabinet's Session 5 Riyadh

oil have achieved positive growth. The real growth in the transformable non-oil industries is estimated at 4.72 percent, the communications, transport and storage 7.20 %, construction and building 8.11%, wholesale and retail trade, restaurants and hotels 6.16 % and capital services, insurance, real estate and business services 4.86 %.
He explained that the record for living cost has soared over the year 1434 /1435 (2013) by 3.35 % compared to 1433/1434 H. (2012) according to the base year, 2007.
The modulus for the recess of the GDP for non-oil sector, which is considered among the most important economic indexes to gauge inflation in the economy in general, is expected to increase by 1.85 % in 1434/1435 H. (2013) compared to last year.
He explained that, according to estimates by the Saudi Arabian Monetary Agency, it is expected that the total value of commodity exports during the year 1434/1435 (2013) to reach 1,376,197,000,000, a decrease of 5.5 percent over the previous fiscal year. It is also expected that the value of non-petroleum exports to reach about 195,574,000,000, an increase of 3.9 percent over the last fiscal year. The non-petroleum exports account for 4.14 percent of total commodity exports.
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17:29 LOCAL TIME 14:29 GMT
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