Fuelled by the ongoing state infrastructure investment drive, non-oil private sector growth was estimated at 9.4% in 2013. The Kingdom posted a budget surplus of $54.9bn in 2013, or 7.4% of GDP, driven largely by oil exports, which averaged 7.54m bpd over the course of 2013. Efforts are under way to boost the employment of nationals and make the most of Saudi Arabia’s young population, and...
Saudi Arabia
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Further progress has been made in plans to build the Gulf region’s rail network, with Saudi Arabia looking to closely align the project with its economic and social priorities.
The launch of mobile virtual network operators (MVNOs) in the Saudi telecoms market looks set to expand product and pricing options for customers, and boost handset sales, as new operators look to carve out niche segments in the increasingly competitive mobile sector.
Economic update | Saudi home loan growth rate to cool
24 Feb 2015
A boom in bank lending in Saudi Arabia may have reached its peak as tighter credit conditions and weaker private sector activity could curb loan growth this year despite a long-term undersupply of property for sale in the Saudi Arabian market.
Interviews & Viewpoints | OBG talks to Ahmed bin Abdullah Al Shoaibi, Director-General, Institute of Public Administration (IPA) from The Report: Saudi Arabia 2014
How is the government ensuring a level playing field in the application and promotion processes within the public sector?
Articles & Analysis | The right skills: Partnerships are key to training the next generation of employees from The Report: Saudi Arabia 2014
Government agencies and private companies are working together to try to provide young Saudis with the skills that will allow them to work in the Kingdom’s nonoil private sector, which enjoyed growth of 5.5% in 2013, according to Jadwa Investment. In its current five-year plan the government has earmarked a total of SR23.14bn ($6.17bn) for...