Trade relations between the GCC and Asian economies have been growing steadily for some time now. Recent developments suggest, moreover, that they are set to expand further over the next decade. While there are some risks associated with Asian markets, the GCC as a bloc is deepening its commitment to the region. This is signalled by a number...
What role does Saudi Arabia play in OPEC, given that it is the organisation’s leading oil producer?
Following a difficult period for the international shipping market, in 2012 the container route from Shanghai to the Gulf through Dubai saw the second-highest rate of freight growth in the entire Asian region. This was part of an emerging trend of the maturation of GCC-Asia trade. A relationship that was once just based on meeting demand for...
To what extent have the measures put in place by the ministry alongside the private sector to encourage sustainable job growth been successful?
The Saudi economy has been on an upward growth trajectory in recent years, expanding by 2.7% in 2013 and 3.6% in 2014. This has been primarily driven by the non-oil sector, which has grown at a rate of at least 5% per year in the decade to 2014. For its part, the oil and gas sector also saw modest improvement in 2014, expanding by 0.8% year-on...
Which sectors in the GCC present the most favourable opportunities for further expansion by South Korean companies in the coming years?
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