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.
What motivated the issue of the King Abdulaziz International Airport (KAIA) sukuk (Islamic bond)?
As a crucial transit country for regional vehicular traffic, the government is not neglecting the upgrade and expansion of the domestic road network, despite the high priority placed on the development of a national rail network. Although traffic volumes, particularly for trucks, may dip as a result of the rail expansion, roads are sure to...
When railways are mentioned in relation to Saudi Arabia, the Hejaz railway is what most often comes to mind. The line was introduced in the 19th century linking Medina to Damascus, and although sections still run in Jordan and Syria, the only remnants of it in Saudi Arabia are tourist attractions featuring stations, rolling...
Spurred on by strong demand for services, the government is planning to bolster and upgrade infrastructure capacity across all segments of the industry – from aviation to ports. With this financial backing, the Kingdom’s land, sea and air transportation networks are experiencing a complete transformation and, consequently, opportunities for new...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×