For many decades Saudi Arabia has built its financial reserves with the proceeds of oil exports, while its increasingly affluent consumers have established the country as a significant importer of goods and services. However, lower oil prices have eroded the Kingdom’s healthy trade surplus, reminding countries around the world of the importance of having a diversified export base. Saudi Arabia...
Economy
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Chapter | Trade & Investment from The Report: Saudi Arabia 2018
As a member of the G20 and the world’s 17th-largest exporter, Saudi Arabia is an economic powerhouse. Classified as a high-income nation by the World Bank, its population of over 30m has established a consumer market in which domestic and global businesses have prospered. The exploitation of its hydrocarbons resources has driven growth for decades, and the nation’s trading status has been...
2017 proved a momentous year for the Kingdom of Saudi Arabia as the various strategies related to the country’s Vision 2030 and National Transformation Plan 2020 started to take shape.
Economic update | Kuwait: Year In Review 2017
26 Jan 2018
Rising oil prices helped offset cuts in Kuwait’s energy production in 2017, with infrastructure projects and new taxes laying the foundations for healthy growth this year.
Economic update | Djibouti : Bilan de l’année 2017
26 Jan 2018
En 2017, Djibouti a connu une forte croissance grâce à la politique d’investissements de l’État visant à développer les infrastructures du pays. Une batterie de projets logistiques d’envergure devrait maintenir la dynamique en 2018.
Economic update | Sri Lanka: Year In Review 2017
25 Jan 2018
An upturn in exports and investment helped counter weaker output from Sri Lanka’s agricultural sector in 2017, facilitating steady growth overall and raising prospects of further gains this year.
In an October update the World Bank forecast Sri...