Saudi Arabia is the largest country in the Middle East and the 13th-largest nation in the world, with an area of approximately 2.15m sq km, covering 80% of the Arabian Peninsula. Home to an estimated 15% of the world’s proven oil reserves and the single-largest economy in MENA, Saudi Arabia is a key player both regionally and globally. Established in September 1932, in recent years the Kingdom...
Saudi Arabia Economy
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Chapter | Country Profile from The Report: Saudi Arabia 2019
Home to an estimated 15% of the world’s proven oil reserves and the single-largest economy in MENA, Saudi Arabia is a key regional and global player. The Vision 2030 blueprint sets out regulatory, budget and social reforms that will be implemented over the coming decade as the nation sets about curbing its reliance on crude oil production and export, which accounted for 43.5% of GDP in 2018.
Economic update | Saudi Arabia: Year in Review 2018
19 Dec 2018
Stronger energy revenue for much of the year and liberalisation reforms have helped Saudi Arabia’s economy rebound in 2018, though falling oil prices late in the year and the potential fallout over security issues could affect growth moving forward.
Saudi Arabia is preparing to start the privatisation process of its flour milling industry, tying into broader plans to enhance the role of the private sector.
Economic view | Tareq Hawasli, Managing Partner, Darin Partners, on the evolving investment environment
17 Jul 2018
How is Vision 2030 shaping foreign investors views on Saudi Arabia as an investment destination?
Economic update | Investment in Saudi Arabia’s entertainment industry to catalyse sector growth
21 May 2018
Saudi Arabia’s debut at the Cannes Film Festival, coupled with moves to expand the number of cinemas and promote local filmmaking, is expected to support the Kingdom’s efforts to double the entertainment sector’s GDP contribution.