The first wave of state-backed solar power stations in Saudi were recently unveiled as part of a much larger commitment to diversify the Kingdom’s electricity generation capacity.
Saudi Arabia Energy
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Economic update | Saudi Arabia powering up
18 Nov 2014
Home to an estimated 15.9% of the world’s proven oil reserves, Saudi Arabia is the single largest economy in the Middle East and North Africa. According to the Ministry of Finance, real GDP grew by 3.8% to $746bn in 2013. While oil income is expected to continue to account for the majority of government revenues for the foreseeable future, the non-oil sector has expanded significantly in recent decades growing 9.3% in 2013.
Interviews & Viewpoints | OBG talks to Sultan J Shawli, Deputy Minister for Mineral Resources from The Report: Saudi Arabia 2013
To what extent is rail network development a “game changer” for Saudi Arabia’s mining industry?
Articles & Analysis | The third pillar: Diversification of output as international investment continues to rise from The Report: Saudi Arabia 2013
Hydrocarbons are not the only underground resource to yield billions of dollars of profit in Saudi Arabia. The mining of metallic ores, phosphates, bauxite and construction materials is an area of growth which the government hopes will become the third pillar of the economy, after oil and petrochemicals.
Articles & Analysis | City slickers: Two new clusters are expected to spark an uptick in private investment from The Report: Saudi Arabia 2013
The emergence of two mining cities in Saudi Arabia could galvanise further private sector investment both upstream and downstream, with a host of new rail linkages set to sweeten the deal.
Hydrocarbons are not the only underground resource to yield billions of dollars of profit in Saudi Arabia. The mining of metallic ores, phosphates, bauxite and construction materials is an area of growth that the government hopes will become the third pillar of the economy, after oil and petrochemicals. Indeed, Saudi Arabia encompasses geologically diverse areas that contain a wealth of resources...