RIYADH – The Business Optimism Index for Saudi Arabia for the first quarter of 2013 prepared by the National Commercial Bank, in association with Dun and Bradstreet South Asia Middle East Ltd (D&B), portrayed a resilient business outlook despite a feeble global economic growth.
Sentiments among Saudi Arabia’s business community have improved in the first quarter of 2013. The BOI survey for Q1 2013 reveals higher optimism levels compared to those recorded in the previous quarter, said Prashant Kumar, Associate Director, of Dun and Bradstreet South Asia Middle East Ltd.
Availability of skilled labor is cited as a leading concern by most of the business units in the hydrocarbon as well as the non-hydrocarbon sector. With an improvement in business sentiments, most businesses in both hydrocarbon as well as the non-hydrocarbon segments plan investment in business expansion in Q1 2013.
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