Saudi Arabia’s non-oil business sector expanded at its strongest pace in just over a decade in January, driven by a surge in new orders and robust business activity, a survey showed this week.The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) rose to 60.

The Saudi non-oil private sector recorded growth at its fastest pace in more than a decade, driven by a rise in new orders and strong business activity during the last month of January.This accelerated growth was led by the Purchasing Managers’ Index (PMI) showing that new orders rose at the fastest pace since June 2011,

Saudi Arabia's non-oil private sector economy in January recorded the strongest expansion in more than a decade, buoyed by a surge in new orders, as the kingdom continues to diversify its economy away from hydrocarbons.