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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

Tensions: Qatar’s support for the Brotherhood has put it at odds with its GCC neighbours

Doha makes a gesture of unity Subscription

25 September 2014 | By

The departure of several prominent Brotherhood figures in September shows Qatar is keen for a united front in the face of Isis’ advance. But the diplomatic rift is far from healed

Yanbu Export Refinery

Yanbu Export Refinery Subscription

22 September 2014

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

King Abdullah International Conference Center, Jeddah

King Abdullah International Conference Center Subscription

22 September 2014

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

All sukuk outstanding and International sovereign sukuk issuance

Islamic bonds gain in popularity Subscription

18 September 2014 | By James Gavin

Government issuers in the Gulf have caught on to the advantages of raising financing using Islamic bonds, making sharia-compliant debt issuance a compelling proposition this year

Selected global sovereign sukuk issuance and Saudi domestic bond issuance

Dubai nurtures Islamic ambitions Subscription

17 September 2014 | By

The UAE emirate has been working on encouraging the development of sharia-compliant banks and is also leading the way as a location to list Islamic bonds

GCC oil and gas awards

GCC oil and gas spend hits long-term high in 2014 Subscription

16 September 2014 | By

Six-country bloc has invested $29bn to date driven by resurgence in Kuwait projects

Islamic banks maintain strong growth Subscription

15 September 2014 | By

Sharia-compliant lenders in the GCC are enjoying success in winning greater market share from their conventional counterparts, buoyed by government support

Percentage of infected computers

The continued challenge of keeping assets secure Subscription

10 September 2014 | By

More money is being spent on protecting the region’s industrial plants

Saudi Arabia Water & Water Reuse Project of the Year

4 September 2014

Riyadh Water Supply Project

Oil production

Saudi Aramco ramps up oil production Subscription

3 September 2014 | By

With unrest continuing to disrupt oil production in the region, Saudi Aramco’s role as the global swing producer is more important than ever before

Filter Saudi Arabia analysis by sector

MEED comment

Construction workers

Solving the Saudi labour crisis

18 September 2014 | By

Compromise is needed from both sides to achieve this difficult mission

Fertiliser production facility

Fertiliser industry facing tough times

18 September 2014 | By

Global overcapacity could mean lower margins for expanding GCC industry

Yanbu petrochemicals

The expansion challenge for Farabi

11 September 2014 | By

Building a petrochemicals plant is always difficult, but Farabi faces doing so without state ownership

Gas drilling

Aramco's essential tight gas drive

4 September 2014 | By

Domestic consumption means that every source of the resource is needed

Gasification_xl

The real work now starts for Jizan

1 September 2014 | By

Riyadh needs to ensure region is an attractive proposition to investors

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 Subscription

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 Subscription

22 July 2014 | By

Gulf region will become more appealing to international investors

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 Q2 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: September 2014; All projects are in construction

Project awards

Pipes

Saudi Arabia awards water pipeline contracts Subscription

28 September 2014 | By

Pipelines are part of new city feeder plan for Riyadh

Electricity substation

Siemens wins Saudi Arabia electricity contracts Subscription

4 September 2014 | By

German company will install components at a number of substations throughout the country

Gasification

Aramco on verge of awarding Linde Jizan air supply deal Subscription

1 September 2014 | By

Scheme will involve some third-party ownership and is worth well in excess of $1bn

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

Projects trends

Gulf projects index

Conflict weighs on Gulf index Subscription

25 September 2014

Large declines in Iraq and Iran drag down value of region’s projects market

Gulf projects index

Saudi Arabia sees biggest expansion Subscription

18 September 2014

Kingdom’s surge pushes Gulf Projects Index up by 1 per cent

Gulf projects index

Expansion in Saudi Arabia lifts market Subscription

11 September 2014

Projects announcements in Kuwait and Saudi Arabia give boost to Gulf Projects Index

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 Mega Projects 2014

National Water Company signs sewage deal with Maaden

National Water Company to supply TSE to Waad al-Shamal

29 September 2014 | By

Water company will supply 125,000 cubic metres a day of treated effluent

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MEED events

Saudi Green Building Forum

Saudi Green Building Forum 2014

Optimising energy efficiency and reducing operational and life-cycle costs in green buildings and sustainable infrastructure through critical design, build and sustainable management strategies 

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