BMI View: With Saudi Arabia set to remain on a solid growth path in the coming quarters, as the non-oil sector continues to expand and the government’s loose fiscal policy stance supports business activity in the private sector, the short-term picture for the power sector remains bright. Similarly, a bright outlook for fixed investment and a supportive macroeconomic policy underpin our sanguine expectations for the medium term. We anticipate that the thermal sector will continue to be the main beneficiary of hefty investment plans. However, interest in nuclear and renewable sources is strengthening. In comparative terms, Saudi Arabia’s macroeconomic performance …
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