High levels of client confidence and strong economic growth are expected to drive banking sector expansion in Saudi Arabia this year and beyond, with lending activity projected to rise to match increasing demand from both consumers and businesses.
Saudi Arabia
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A new phosphate mining and processing mega-project is set to improve Saudi Arabia’s access to the global fertiliser market, but a potential excess of international supply may extend the period before the multi-billion scheme turns a profit.
Economic update | Saudi retail set for growth
4 Feb 2014
The Saudi Arabian retail sector is expected to continue to post solid returns, with strong prospects for expansion in the medium-to-longer term, although this year retailers will likely have to factor in the higher costs as they hire more local staff.
Strong fundamentals underpinned by the hydrocarbons industry and increasing private sector activity point to sustained expansion for Saudi Arabia in 2014, but the economy is showing signs of slowing as the impact of the government’s stimulus package tapers off.
Activity in Saudi Arabia’s capital markets is expected to increase next year, as companies look to broaden their corporate base and support expansion programmes by going public or seeking funds from bond markets.
New insurance regulations in Saudi Arabia could offer advantages to larger, more well-established market participants, and encourage smaller providers to seek merger partners.