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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

Power

Saudi Electricity Company awards $2.9bn of contracts Subscription

21 August 2014 | By

State utility has already awarded more transmission contracts in the second quarter than for whole of 2013

Risk ratings in the Middle East and North Africa

Navigating regional political and security risk Subscription

17 August 2014 | By

Investors face a widening and complex web of risks in the Middle East and North Africa region

Top 100 projects, Q2 2014

Top 100 projects index dips Subscription

14 August 2014 | By

Small fall in the total value of the Middle East’s biggest projects, but further pressure expected due to fighting in Iraq

Middle East contracts awarded July 2014

Middle East contracts awarded: July 2014 Subscription

11 August 2014

Over $8bn of contracts were awarded in July in the Middle East

Oil production

Saudi oil revenues expected to top $300bn Subscription

11 August 2014 | By

Strong oil prices coupled with sustained high production leads to upwards revision in forecast

Nuclear turbine

The high costs of the nuclear option Subscription

7 August 2014 | By

The region’s major economies have turned to nuclear power to address future energy shortages, but there are many hurdles to be overcome if they are to realise their atomic energy ambitions

Saudi Arabia

Saudi Arabia's nuclear programme Subscription

7 August 2014 | By

The kingdom signalled its nuclear ambitions in 2007 and aims to generate 17.9GW by 2032

World map of phosphate production and consumption

Supplying fertilisers to the world Subscription

4 August 2014 | By

The Middle East’s burgeoning phosphates fertiliser sector is dominated by Morocco and Saudi Arabia

King Abdullah International Conference Center, Jeddah

King Abdullah International Conference Center Subscription

3 August 2014

Royal Protocol is building a 230,000-square-metre conference centre in Jeddah

Yanbu Export Refinery

Yanbu Export Refinery Subscription

3 August 2014

The refinery, jointly owned by Saudi Aramco and China Petrochemical Corporation, will have a capcity of 400,000 barrels a day

Filter Saudi Arabia analysis by sector

MEED comment

non-conventional gas

Aramco's $40bn plans could be tip of iceberg

28 August 2014 | By

The development of non-conventional gas and maintaining upstream assets will not be cheap

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

More MEED commentary

Special reports

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

Nuclear: Backing key to plans

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

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 Subscription

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

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

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

Saudi Arabia has awarded contracts to implement flood protection and drainage projects across the kingdom

Saudi Arabia awards more flood protection deals Subscription

13 August 2014 | By

Kingdom has suffered from significant damage due to flash-flooding in recent years

Pylon

Hyundai wins $250m Saudi substation contract Subscription

13 August 2014 | By

South Korean firm will build one of the largest substations in the kingdom at Jubail Industrial City

Jeddah, Saudi Arabia

Arabian Construction Company wins Jeddah real estate contract Subscription

10 August 2014 | By

Lebanese firm Arabian Construction Company wins contract for three buildings at Emaar Square in Jeddah

Saudi Aramco has awarded India’s Essar Projects a contract for upgrade work for a crude stabilisation unit at its Abqaiq plant at the Shaybah oil field

Essar Projects wins Shaybah contract Subscription

5 August 2014 | By

Indian contractor to carry out upgrade work for Saudi Aramco at Empty Quarter oil field

Dow Chemical to build reverse osmosis manufacturing plant in Saudi Arabia

Dow to build Saudi reverse osmosis plant Subscription

27 July 2014 | By

Plant will manufacture component for desalination facilities

Runway

Hochtief team selected for Riyadh airport expansion Subscription

22 July 2014 | By

Consortium submitted the lowest bid for the project in May

Delivered sales/ethane gas and raw gas to gas plants

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

Wastewater

Austrian company wins Saudi wastewater contract Subscription

9 July 2014 | By

Wastewater plant will be located in Al-Kharj industrial development

Power transformer

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

Projects trends

Gulf Projects Index

Gulf Index sees its worst week in nearly two years Subscription

27 August 2014 | By

All markets declined apart from those of Qatar and Saudi Arabia

Gulf Projects Index

UAE and Qatar support index growth Subscription

21 August 2014

Along with Iran, the UAE and Qatar see the most activity in the Gulf Projects Index

Gulf projects index

Iraq’s project market continues to slide as US steps up intervention Subscription

14 August 2014

The contraction in Iraq’s projects market weighed on the regional index for the Gulf as a whole

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

Saudi Stock Exchange (Tadawul)

Saudi Arabia drafts rules for Tadawul opening to foreigners Subscription

24 August 2014 | By

Authorities propose 10 per cent cap on foreign ownership

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

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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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