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.
The rise of the aviation sector in the Gulf over the past decade is the result of rapidly changing economic and demographic conditions around the world, which have spurred governments throughout the region to direct considerable investment towards improving air transport infrastructure and expanding national carrier. Abu Dhabi is at the...
Home to one of the newest and largest ports in the Middle East, Abu Dhabi’s reputation as a logistics and industrial centre for the Gulf is on the rise. Khalifa Port, which opened for business in September 2012, has the potential to transform the emirate’s economy over the coming decades. The new Khalifa Industrial Zone Abu Dhabi (Kizad), which...
Since the mid-2000s the authorities have invested heavily in upgrading and expanding the emirate’s road, rail and sea links, both within Abu Dhabi City and throughout the emirate as a whole. Developing Abu Dhabi’s domestic transport infrastructure and broader transport industry has been one of the government’s priorities over the past decade. At...
Traffic on Abu Dhabi’s roads has increased rapidly over the course of the past decade, driven by population growth, a rise in visitor numbers and greater economic activity throughout the emirate. Consequently, most of the road and highway networks – and particularly those in the capital – have become increasingly congested in recent years....
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×