Saudi Arabia is one of the largest producers and exporters of agricultural goods in the region and is self-sufficient in a number of areas, including milk, eggs and dates. The sector has seen a notable shift towards higher-value and less-water-intensive crops, and a gradual phasing out of domestic wheat production in favour of imports. Efforts are also being made to boost aquaculture and...
The Middle East
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Chapter | Agriculture from The Report: Saudi Arabia 2014
Chapter | Construction & Engineering from The Report: Saudi Arabia 2014
Buoyed by prolonged government stimulus, Saudi Arabia’s construction industry, the second-largest sector in the economy after oil, is experiencing rapid expansion, with no shortage of contracts in any segment. From housing and utilities to transport infrastructure, public spending is driving the contracting industry forward. While operational challenges remain, including concerns over the...
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.
Since its establishment in late May 1981, the GCC has experienced over three decades of rapid economic growth. The bloc’s six members – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have benefitted from greater integration and cooperation over the years, and continue to work to diversify their economies to maintain their competitive edge.
Never far from the headlines, the region faces a number of significant political and economic challenges. Amidst this, however, the economies of the Middle East offer numerous opportunities for investors, across all sectors.
Chapter | Real Estate & Construction. from The Report: Dubai 2014
Real estate transactions in Dubai totalled $64.2bn in 2013, up sharply from $42bn in all of 2012. The residential, retail, hospitality and industrial segments all experienced solid growth. Property sales jumped by more than 20% in 2013, with serviced apartments also recording strong growth figures. Demand for Dubai property seems to be coming from all corners of the world. According to the...