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Saudi Arabia

Profile

Saudi_Arabia_map_527x286px Saudi+Arabia+flag King+Abdullah+bin+Abdulaziz+al-Saud
Saudi Arabia
Leader
King Abdullah bin Abdulaziz al-Saud

Saudi Arabia country datafile
Country overview
Government contacts

Country data

Iran 2008 2009 2010 2011 2012f 2013f 2014f
Nominal GDP ($bn) 519.8 429.1 526.8 669.5 734.0 745.3 772.6
GDP per capita ($) 20,157 16,095 19,113* 23,594 25,139 24.847 25.229
Real GDP growth (annual change, %) 8.4 1.8 7.4 8.6 5.8 3.8 4.1
Government revenue (% of GDP) 60.5 36.0 41.6 47.5 50.3 44.4 42.6
Government total expenditure (% of GDP) 29.0 40.0 39.5 35.5 35.7 36.1 35.5
Total government debt (gross, % of GDP) 12.1 14.0 8.4 5.4 3.6 2.7 2.6
Current account balance (% of GDP) 25.5 4.9 12.7 23.7 24.4 17.4 15.8
Value of oil imports 0 0 0 0 0 0 0
Value of oil exports 281 163.1 215.2 317.6 350.3 327.1 309.1
Inflation (%) 6.1 4.1 3.8 3.7 2.9 3.5 3.0
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: July 2014; *=Estimate

Saudi Arabia trends

Investment grade bond debt maturities by country

The Middle East’s refinancing burden Subscription

23 July 2014 | By

Region’s investment grade companies need to refinance $91bn-worth of debt by 2018

Stock market

Market reacts to Saudi decision to open up stock market Subscription

23 July 2014 | By

The opening of the Tadawul to foreign investors is widely welcomed by market

Rescue: Aramco took over the development of Jizan Economic City to prevent its failure

Saudi Aramco’s mission creep Subscription

17 July 2014 | By

The oil major’s influence is spreading as it proves itself to be a reliable client for Riyadh

GCC overall awards

Growth continues in contract awards Subscription

17 July 2014 | By

Building projects and the UAE dominated contract awards in the first half of 2014

Construction equipment

Construction surge boosts Saudi Arabia's equipment sales Subscription

29 June 2014 | By

Construction equipment suppliers respond to increase in demand as rising government expenditures bolster the kingdom’s construction market

Oil offshore

Oil exporters put the brakes on spending Subscription

12 June 2014 | By Dominc Dudley

Oil exporters are starting to trim spending to keep budgets more in line with oil prices

Oil prices and Middle East oil production

Stable oil prices expected in 2014 Subscription

11 June 2014 | By

Energy Information Administration forecasts average prices of almost $105 a barrel  

Middle East contract awards May 2014

Middle East contracts awarded: May 2014 Subscription

2 June 2014

Over $8bn of contracts awarded in May in the Middle East

Middle East contract awards April 2014

Middle East contracts awarded: April 2014 Subscription

31 May 2014

Over $23bn of contracts awarded in April in the Middle East

Top 100 projects index, Q1 2014

Kuwait’s Clean Fuels Project edges Top 100 Projects value higher Subscription

24 April 2014 | By

A busy first quarter for 2014 saw 15 entrants in the MEED Top 100 Projects index

Filter Saudi Arabia analysis by sector

MEED comment

Riyadh

Tadawul access a positive sign

24 July 2014 | By

The region is set to become more appealing to international entities as Riyadh opens up its stock exchange to foreign investors

Riyadh

Foreign access to Tadawul positive for region

22 July 2014 | By

Gulf region will become more appealing to international investors

Banking

Saudi banks look to new markets

17 July 2014 | By

Strong competition and tight margins are driving the kingdom’s lenders to explore new markets

Drilling

Shale gas faces a tight fight

17 July 2014 | By

As Saudi Aramco further invests in exploiting tight gas reserves, shale gas is being put on the back burner

Aramco: Investing in future development

Saudi Aramco takes the lead in development

17 July 2014 | By

Since its formation, it has led development in the kingdom, stepping beyond the remit of its core business. Today, it shows no signs of slowing down

Refinery

Case grows for subsidy cuts in Saudi Arabia

10 July 2014 | By

If fuel subsidies are curbed and domestic consumption slows down, Aramco can use the new capacity it is building for exports

Renewable energy

Saudi Arabia renewables plans falter

10 July 2014 | By

The future of King Abdullah City for Atomic and Renewable Energy is not clear

Mining

Maaden’s new funding source

3 July 2014 | By

The involvement of foreign banks in a $5bn financing for the phosphates city project opens up new funding options for the mining company

More MEED commentary

Special reports

Riyadh

Saudi Arabia: Iraq crisis raises fears in Riyadh

10 July 2014

Saudi Arabia has a central role to play in leading the response to the crisis unfolding in its northern neighbour

Saudi Arabia

Saudi Arabia: Non-oil sector boosts Tadawul

30 April 2014

On the back of their imminent upgrade to emerging market status, the UAE and Qatar stock markets have, as expected, surged this year

GCC real estate

Real Estate: GCC property markets stabilising Subscription

18 March 2014

There is an uptick in demand for residential and commercial property across the region, with just one or two exceptions

Saudi Arabia

Saudi Arabia: Budget targets social spending Subscription

12 February 2014

Over the past decade, Riyadh has consistently announced record budgets

GCC construction

Construction: Continuing GCC projects growth into 2014 Subscription

16 January 2014

After such a successful 2013, beating that target will be a major challenge for the GCC projects market in the year ahead

Cover

MEED Yearbook 2014: Infrastructure spending drives economic rebound Subscription

5 January 2014 | By

Energy efficiency moves to the fore

More Saudi Arabia special reports

Market presentations

Dubai creek

Managing the Boom: The Outlook for the Middle East Subscription

23 July 2014

Opportunities and challenges for businesses in the region created by the new projects boom

Qatar metro

Webinar: GCC metro and rail projects Subscription

12 September 2013

MEED’s analysis and forecast presentation on the metro projects in the region

Middle East Outlook 2013

A region in transition: Middle East outlook 2013 and beyond Subscription

18 August 2013

Insight and analysis on the economic and projects outlook for the Middle East

Project Finance

Webinar: Middle East project finance outlook Subscription

17 June 2013

Market constraints to continue, with deals flowing to most stable markets in the region

Mena renewables 2013

Webinar: MENA Renewable Energy Subscription

12 May 2013

In this presentation, MEED discusses the trends and prospects for renewable power in the region

After the Uprisings webinar

After the Uprisings: The outlook for business in the Middle East in 2013 and beyond Subscription

4 March 2013

A webinar on the region’s business environment, providing current data and exclusive expert analysis drawn from MEED’s team of experts

Top 100 projects 2012

Top 100 projects: The Middle East market gains momentum Subscription

3 February 2013

This webinar examines projects market trends in the region and forecasts which countries and sectors will grow in 2013

Wastewater

Webinar: Project opportunities in GCC wastewater Subscription

15 May 2012

Join MEED for an exclusive online seminar looking at the Gulf wastewater sector

Barzan: The gas project raised $5.7bn

Rebuilding the Middle East: Prospects for the projects market 2012 Subscription

6 February 2012

MEED’s webinar looks at expected growth in the Middle East and North Africa

Solar power panels

Arab states plan renewable energy capacity hike Subscription

24 November 2011

Get exclusive insight into the drivers behind the ambitious 2020 renewable energy programmes in the Middle East

Top 10 projects

Rank

Rank Project Name Sector Contract value ($m)
1 Riyadh Light Rail Transit (Riyadh Metro): Lines 1 & 2 Transport 9,450
2 Haramain High-Speed Rail Network: Phase 2 Transport 8,396
3 Riyadh Light Rail Transit (Riyadh Metro): Lines 4, 5 & 6 Transport 7,820
4 Riyadh Light Rail Transit (Riyadh Metro): Line 3 Transport 5,942
5 King Abdulaziz International Airport: Phase 1: New Terminal: Package 1 Transport 4,034
6 Housing Development: Phase 2 Construction 3,600
7 Abraj Kudai in Mecca Construction 3,500
8 Rabigh Power Plant Extension: Phase 6 Power 3,400
9 King Abdulla bin Abdulaziz Project: Riyadh Security Forces Medical Complex Construction 3,350
9 King Abdulla bin Abdulaziz Project: Jeddah Security Forces Medical Complex Construction 3,350
Click through to the full data table on Saudi Arabia's biggest projects in construction
Click through to MEED's Q1 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2014; All projects are in construction

Project awards

Runway

Hochtief team selected for Riyadh airport expansion Subscription

22 July 2014 | By

Consortium submitted the lowest bid for the project in May

Saudi Aramco awards Foster Wheeler tight gas contract Subscription

14 July 2014 | By

Engineering consultancy to provide design services for unconventional gas initiative in Saudi Arabia

Austrian company wins Saudi wastewater contract Subscription

9 July 2014 | By

Wastewater plant will be located in Al-Kharj industrial development

ABB wins Saudi electricity contract Subscription

7 July 2014 | By

Swiss firm ABB will provide transformers for two power plants in Saudi Arabia

Foster Wheeler licensee wins Saudi power contract Subscription

1 July 2014 | By

Licensee of US firm Foster Wheeler will provide heat recovery generators for Rabigh 2 power plant

Petronash wins Aramco gas field contract Subscription

22 June 2014 | By

Oil major awards Dubai-based company deal to build 18 gas modular skids

Local firm wins SR2.5bn contract on Saudi security network programme Subscription

18 June 2014 | By

Local contractor will build various security facilities for Interior Ministry at two locations

Bureau Veritas wins Riyadh metro contract Subscription

9 June 2014 | By

French company Bureau Veritas will provide independent engineering oversight for Riyadh Metro

Eversendai wins $54m of Middle East contracts Subscription

26 May 2014 | By

Contractor to work on structural steel projects in Qatar, Saudi Arabia, and the UAE

Saudi Arabia awards contract for Arar airport Subscription

20 May 2014 | By

Local Jawdat Contracting to expand the domestic airport

Projects trends

Gulf Projects Index

Iraq war weighs on Gulf index Subscription

24 July 2014

Increasing instability causes Iraq projects market to contract by $13bn

Gulf Projects Index

Dubai’s Mall of the World boosts index Subscription

17 July 2014

UAE and Bahrain are the outstanding markets of the week

Gulf Projects Index

Four Gulf states keep index stable Subscription

10 July 2014

Growth in Oman, Iraq, the UAE and Saudi Arabia cancels out decline in Kuwait

More Gulf Projects Index articles

People

Sami al-Louzi Subscription

12 July 2014

Sami al-Louzi is a leading equity capital markets and mergers and acquisitions partner at Latham & Watkins firm in Riyadh and Dubai

Sadoun bin Bargash al-Sadoun

1 July 2014

Sadoun bin Bargash al-Sadoun, is president, ABV Rock Group

Abdulrahman al-Wuhaib Subscription

9 March 2014

Abdulrahman al-Wuhaib is senior vice-president downstream, Saudi Aramco

Ziad al-Labban Subscription

9 March 2014

Ziad al-Labban is CEO, Sadara Chemical Company

Halim Hamed Redhwi

20 February 2014

Halim Hamed Redhwi is CEO, Dhahran Techno Valley; professor at King Fahd University of Petroleum and Minerals

Osama Abdulaziz Al-Zamil

20 February 2014

Osama Abdulaziz Al-Zamil is board chairman / VP business development, Zamil Chemplast / Zamil Group

See all Saudi Arabia biographies

Riyadh

Tadawul access a positive sign

24 July 2014 | By

The region is set to become more appealing to international entities as Riyadh opens up its stock exchange to foreign investors

Stock market

Market reacts to Saudi decision to open up stock market Subscription

23 July 2014 | By

The opening of the Tadawul to foreign investors is widely welcomed by market

Riyadh

Foreign access to Tadawul positive for region

22 July 2014 | By

Gulf region will become more appealing to international investors

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MEED events

Saudi Mega Transport & Infrastructure logo

Saudi Mega Transport & Infrastructure Projects 2014

Focus on the core sectors that are driving the massive growth in construction activity in Saudi Arabia

More MEED events

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