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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

DFM general index

Volatility rules on GCC stock markets Subscription

18 December 2014 | By

Oil prices stretch GCC stock market performance

Mergers and deals in Saudi Arabia and Mena

Mergers and acquisitions on the rise Subscription

17 December 2014 | By James Gavin

There has been a healthy number of merger and acquisition deals completed in the kingdomin recent years, with more set to follow in the lower oil price environment

oil

Impact of falling oil prices on Saudi Arabia Subscription

17 December 2014

Saudi Arabia is likely to record a deficit next year, but its sizeable reserves mean that there will be little anxiety in Riyadh

Riyadh existing housing suppy and additional housing supply

Riyadh struggles to meet housing demand Subscription

16 December 2014 | By James Gavin

The high cost of land in the city, coupled with a lack of new housing supply and rapid population growth, is leading to increasingly cramped conditions in Riyadh

Saudi cement demand supply balance

Promising outlook for cement sector Subscription

16 December 2014 | By

While challenging market conditions are currently making life tricky for Saudi cement producers, the predicted increase in demand should ensure their return to growth

Global aluminium production

Minerals city primed for success Subscription

16 December 2014 | By

Maaden’s Ras al-Khair aluminium complex is set to become fully operational next year, creating the basis for a much larger industrial hub

Average spot price of Saudi light crude

Riyadh unmoved over oil output Subscription

16 December 2014 | By

The kingdom is continuing with its high oil production in spite of the fall in crude prices, preferring to let the market set its own price and revive the global economy

Oil, gas and chemical awards in the GCC

GCC oil and gas spending hits four-year high in 2014 Subscription

15 December 2014 | By

Kuwait leads spending as Saudi Arabia has weakest year for contracts since 2004

NCB share of Saudi banking sector 2013

Taking the Islamic plunge Subscription

11 December 2014 | By James Gavin

In a move that could have repercussions for the entire Saudi banking sector, it’s largest lender, National Commercial Bank, is readying itself for a fully sharia-compliant future

WTI spot price

Riding out low oil prices Subscription

4 December 2014 | By

GCC nations brace for budget deficits as Opec offers no oil price support

Filter Saudi Arabia analysis by sector

MEED comment

Saudi Aramco's Khurais oil field in Saudi Arabia

Why GCC producers are happy to see oil fall

18 December 2014 | By

The GCC’s oil producers will be the biggest winners from the 2014 oil price crash

Aluminium industry

Saudisation challenge continues for Maaden

18 December 2014 | By

Hiring local nationals at industrial sites has been slow

Jubail Industry City in Saudi Arabia

Unlocking the kingdom’s potential

18 December 2014 | By

The success of Ras al-Khair should give more remote cities confidence to develop

Opec secretary-general Abdullah al-Badri

Opec sets the tone for 2015

15 December 2014 | By

Regional producers are not about to cut oil production and the assumptions that have underpinned forecasting in recent years have to be revisited

The GCC’s well-funded security forces mean large-scale attacks on high-profile targets are unlikely

Security situation looks more uncertain in GCC

11 December 2014 | By

Recent terror attacks in the GCC show it will be hard to prevent attacks on Western interests

Offshore oil rig

Choosing the right model

11 December 2014 | By

International contractors are still willing to take all the risks

Deloitte

Riyadh sets out stall for financial transparency

4 December 2014 | By

Kingdom is preparing to open stock exchange to foreign investors in 2015

Oil gathering centre

Much at stake in the Divided Zone

4 December 2014 | By

Concerns increase as the land dispute between Kuwait and Saudi Arabia derails another project

More MEED commentary

Special reports

Riyadh

Saudi Arabia: Riyadh must maintain spending momentum

17 December 2014

The kingdom should plough ahead with plans to invest in social infrastructure despite falling oil prices

Opec secretary-general Abdullah al-Badri

Opec sets the tone for 2015

15 December 2014 | By

Regional producers are not about to cut oil production and the assumptions that have underpinned forecasting in recent years have to be revisited

Riyadh

Saudi project activity stays strong amid oil price volatility

26 November 2014 | By James Gavin

The lower oil price may lead to uncertainty among stakeholders, but Riyadh’s willingness to maintain spending will continue to provide momentum for schemes

Riyadh in Saudi Arabia

Saudi Arabia: Foreign investment to boost Tadawul

2 October 2014

The Saudi Stock Exchange is about to embark on a period of significant growth as it opens its doors to foreign investors next year

Region: Political stability a must to be able to go nuclear

Nuclear: Backing key to plans Subscription

7 August 2014

The highly regulated nature and requirements of the nuclear power industry means foreign support is key to the region’s ambitions

Riyadh

Saudi Arabia: Iraq crisis raises fears in Riyadh Subscription

10 July 2014

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

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

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 Q3 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: November 2014; All projects are in construction

Project awards

Mecca

Misa takes on Abraj Kudai project work Subscription

14 December 2014 | By

Saudi Binladin subcontracts construction work on Mecca project

Black & Veatch wins Jeddah desalination consultancy deal

Black & Veatch wins Jeddah desalination consultancy deal Subscription

10 December 2014 | By

Fourth-phase expansion will bring plant’s capacity to 400,000 cubic metres a day

Wastewater

Arcadis win Mecca water management contract Subscription

9 December 2014 | By

Consultants will develop 2050 masterplan

Pylon

Alstom wins transmission contract in Saudi Arabia Subscription

18 November 2014 | By

French company will supply AC transmission systems for western province installations

KBR to design Petrokemya butadiene plant expansion

KBR to design Petrokemya butadiene plant expansion Subscription

11 November 2014 | By

Project will debottleneck and expand capacity of petrochemicals facility at Jubail

Saudi Aramco's Khurais oil field in Saudi Arabia

Aramco confirms Saipem for $2bn Khurais deal Subscription

29 October 2014 | By

Italian contractor will construct main processing facilities at oilfield expansion

Contractors have submitted technical proposals for the contract to build a power plant at the Waad al-Shamal phosphate mining development

Technical bids in for Waad al-Shamal power plant Subscription

29 October 2014 | By

Integrated power plant will contain solar component

Al-Sawfa Cement awards $127m plant deal

Al-Sawfa Cement awards $127m plant deal Subscription

22 October 2014 | By

Germany’s ThyssenKrupp Industrial Solutions wins deal to build production line

Aramco gas exports

Aramco awards Sepco $1.3bn gas contract Subscription

22 October 2014 | By

Chinese contractor secures booster compressor stations deal after close bid round

Yokogawa wins Rabigh 2 power plant control systems deal

Yokogawa wins Rabigh 2 control systems deal Subscription

20 October 2014 | By

Saudi power plant being built by Samsung C&T

Projects trends

Gulf projects index

Iran decline pulls down Gulf index Subscription

18 December 2014

Islamic Republic’s fall in value cancels out growth in UAE, Oman and Kuwait

Value of projects planned or under way 2 Dec.jpg

Kuwait growth fails to lift Gulf index Subscription

4 December 2014

UAE records biggest decline in value of projects market since August

Gulf projects index

Qatar and UAE buoy Gulf index Subscription

27 November 2014

All other Gulf countries except Oman record declines in value

More Gulf Projects Index articles

People

Sami al-Louzi Subscription

20 July 2014

Sami al-Louzi is partner in Riyadh and Dubai at Latham & Watkins

Harj Rai Subscription

20 July 2014

Harj Rai is partner in Riyadh and Dubai at Latham & Watkins

Craig Nethercott Subscription

20 July 2014

Craig Nethercott is partner in Riyadh and Dubai at Latham & Watkins

Salman al-Sudairi Subscription

20 July 2014

Salman al-Sudairi is partner, Riyadh at Latham & Watkins

Amar Meher Subscription

20 July 2014

Amar Meher is counsel in Riyadh at Latham & Watkins

Omar Elsayed Subscription

20 July 2014

Omar Elsayed is counsel in Riyadh at Latham & Watkins

See all Saudi Arabia biographies

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