Fuelled by the ongoing state infrastructure investment drive, non-oil private sector growth was estimated at 9.4% in 2013. The Kingdom posted a budget surplus of $54.9bn in 2013, or 7.4% of GDP, driven largely by oil exports, which averaged 7.54m bpd over the course of 2013. Efforts are under way to boost the employment of nationals and make the most of Saudi Arabia’s young population, and...
Displaying 4387 - 4392 of 6749
Articles & Analysis | Growth story: The non-oil-and-gas economy takes the lead as expansion continues from The Report: Saudi Arabia 2014.
With public expenditure rising and a general improvement in international economic conditions in recent years, growth estimates across the region for the six GCC member states are expected to be in the 4-5% range, with the non-oil-and-gas economy also taking the lead, once again outstripping hydrocarbons in terms of the rate of expansion....
Interviews & Viewpoints | Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor, Eastern Province: Interview from The Report: Saudi Arabia 2014.
The Eastern Province has natural resources and is home to petrochemical industries, but what vision exists for diversifying the local economy?
Articles & Analysis | Linking up the region: Significant rail investment in the GCC should help to boost trade from The Report: Saudi Arabia 2014.
With every GCC member state investing in transport, the region is currently undergoing something of a road and rail boom. In the first three quarters of 2013, about $30bn in railway construction contracts were awarded across the GCC, while some estimates suggest as much as $200bn could be spent on regional rail development initiatives over the...
Articles & Analysis | Well-oiled machine: Hydrocarbons wealth supports diversification efforts from The Report: Saudi Arabia 2014.
Home to an estimated 15.9% of the world’s proven oil reserves and the single largest economy in the Middle East and North Africa, Saudi Arabia is a key player in the region and around the world. Since it was officially founded in September 1932, the Kingdom has poured its considerable resources into a series of large-scale economic development,...
Interviews & Viewpoints | Abdul Latif Al Zayani, Secretary-General, GCC: Interview from The Report: Saudi Arabia 2014.
How is the GCC working with the EU to bring about greater economic and trade cooperation?