Benefitting greatly from rising oil prices and production over the last decade, Saudi Arabia has used its sizeable revenues to build up strong external buffers and drive GDP growth through extensive spending programmes. The decline in oil prices that began in mid-2014, however, has significantly lowered export revenues and brought the era of fiscal surpluses to a close. The resulting altered...
Economy
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Chapter | Country Profile from The Report: Saudi Arabia 2016
Home to an estimated 15.7% of the world’s proven oil reserves and the single largest economy in the MENA region, Saudi Arabia is a key player not only in the region but also globally. Since the establishment of Saudi Arabia in September 1932, the Kingdom has poured its considerable resources into a series of large-scale economic development, diversification and modernisation initiatives. 2016...
2016 witnessed the launch of the Kingdom’s historic Vision 2030 and the accompanying National Transformation Programme, both of which call for a major overhaul of the state’s economic apparatus and envision a more open market framework and more dynamic, private sector-led growth moving ahead.
Chapter | Table of Contents from The Report: Morocco 2016
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Chapter | Casablanca from The Report: Morocco 2016
Already by far Morocco’s largest city and its economic capital, Casablanca is currently going through a major period of redevelopment. Planned large-scale works include substantial improvements to infrastructure, construction and renovation of leisure and cultural facilities, and expansion of the public transport network to make the city a more attractive place for residents and tourists alike...