Saudi Arabia data bank

26 January 2016

Riyadh must target non-oil growth to counter the effects of low oil prices

Government budget

Key economic numbers in Saudi Arabia

Key economic numbers in Saudi Arabia

Key economic numbers in Saudi Arabia

 Planned Saudi government spending in 2016

Planned Saudi government spending in 2016

Planned Saudi government spending in 2016

Saudi Arabia budget, 2016
Sector                                                                                                              2016 budget allocation (SRbn)                                 
Education and training
191.659
Health and Social Development
104.864
Municipality Services
21.246
Military and Security Services
213.367
Infrastructure and Transportation                                         
23.903
Economic resources
78.121
Public administration
23.84
Budget Support Provision
183
Total840
Source: Saudi Arabia Finance Ministry                                                                                                                                                              

Saudi Arabia budget, 2015
Government revenues2015 (SRbn)2014 (SRbn)Percentage change
Petroleum products tax
16.08
15.04
6.91
Customs duties
25
23.52
6.29
General service fees
1.8
1.611
11.73
Government share in the telecommunications sector
4.4
4.962
-11.33
Passport & residency documents fees
15.7
14.531
8.04
Other income taxes
14
13.925
0.54
Rents and sales
1.8
1.146
57.07
Investments*
37
21.858
81
Other revenues
25.5
9.23
149
Zakat**
14.5
14.3
1.4
Fees of port services
4
3.762
6.33
Visa fees
2.7
2.394
12.78
Mining fees
0.52
0.517
0.58
Total
163.5
126.796
 
*= Investments: Saudi Arabian Monetary Authority (Sama) SR22bn, Public Investments Fund SR15bn; **= Deposited in Sama’s account and expensed directly to the beneficiaries of social insurance in addition to what has been allocated in the budget as their benefits. Source: Saudi Arabia Finance Ministry

Banking

Saudi interbank rate

Saudi Arabia interbank rate

Saudi Arabia government deposits

Saudi Arabia government deposits

Saudi Arabia ldr

Saudi Arabia loan to deposit ratio 2015

Saudi banking sector
 Nov-14Dec-14Jan-15Feb-15Mar-15Apr-15May-15Jun-15Jul-15Aug-15Sep-15Oct-15Nov-15
Government deposits (SRbn)1,6301,5611,5351,4161,3721,3241,2701,2541,2441,2331,1901,2011,163
Total deposits in commercial banks (SRbn)     1,5421,5761,5441,5991,6191,6261,6461,6461,6291,6251,6531,6021,623
Total bank credit (SRbn)1,2521,2511,2601,2701,2821,2881,3061,3191,3231,3281,3301,3421,355
Loan-to-deposit ratio (%)81.1979.3881.6179.4279.1879.2179.3480.1381.2281.7280.4683.7783.49
3-month Saudi interbank rate (%)0.890.860.860.820.780.770.770.780.780.830.880.931.03
Source: Sama

Power

Saudi peak demand growth

Saudi Arabia peak power demand growth

Saudi power demand growth

Saudi Arabia power demand growth

Saudi Arabia power demand 
 Demand (MW)
200021,000
201043,000
2020f85,000
2030f120,000
f=Forecast. Source: Saudi Electricity Company (SEC)                                                                                                                                                            

Saudi peak electricity demand growth (%)                                                                                                                                                                  
20087
20098
201010
20115
20128
20133.7
20145
Source: MEED

Saudi Electricity Company planned new capacity by year (MW)        
Scheme2016      2017     2018     2019     2020     2021     2022     2023     2024     
Qurrayah (steam turbine)         
PP12         
Duba  600       
PP131,800        
Shuaiba          
PP141,755        
North Qassim   1,800     
South Medina (Taiba ISCC)                  3,780    1,800 
Waad al-Shamal 1,050       
PP15    1,8001,8001,800  
PP16      1,2006001,200
Al-Kharj    500    
Al-Rays       1,8001,800
Ras Abu Qumais     1,800 1,800 
Ras al-Khair    1,800 1,800 1,800
ISCC=Integrated solar combined-cycle. Source: SEC                                                                                                                                                               

Projects

Value of projects planned and under way in Saudi Arabia

Value of projects planned and under way in Saudi Arabia

Value of projects planned and under way in Saudi Arabia

Saudi Arabia biggest projects underway
Q4 2015 RankProjectClientIndustryContract Value ($m) Main Contract Award Scheduled Completion 
1Riyadh Light Rail Transit (Riyadh Metro): Lines 1 & 2Arriyadh Development AuthorityTransport9,28920132019
2Haramain High-Speed Rail Network: Phase 2Saudi Railways OrganisationTransport8,39620112016
3Riyadh Light Rail Transit (Riyadh Metro): Lines 4, 5 & 6Arriyadh Development AuthorityTransport7,82020132018
4Riyadh Light Rail Transit (Riyadh Metro): Line 3Arriyadh Development AuthorityTransport5,94220132018
5KAIA: Phase 1: New Terminal: Package 1General Authority Of Civil AviationTransport4,03420102016
6Military Medical City in Riyadh: Phase 1Ministry of DefenceConstruction3,80020152020
7Housing Development: Phase 2Saudi National GuardConstruction3,60020112015
8Abraj Kudai in MeccaMinistry of FinanceConstruction3,50020132018
9King Abdullah Project: Security Forces Medical Complex: RiyadhMinistry of InteriorConstruction3,35020132018
9King Abdullah Project: Security Forces Medical Complex: Jeddah Ministry of InteriorConstruction3,35020132018
Source: MEED Projects

Transport

Saudi transport contract awards, 2015

Saudi transport contract awards, 2015

Saudi transport contract awards, 2015

Saudi infrastructure and transport contract awards, 2015             
ctor                                    Contract value ($m)
Airports1,034
Ports172
Roads4,907
Rail603
Total6,716
Source: MEED Projects                                                                                                                                                             

Key infrastructure projects planned to be awarded in 2016
ProjectProject ownerSub-sectorEstimated budget ($m)Status
Jeddah Metro: Green lineJeddah Metro CompanyRail1,500Prequalification
Jeddah Metro: Orange and Blue linesJeddah Metro CompanyRail8,000Prequalification
Jeddah Metro: Red lineJeddah Metro CompanyRail3,500Prequalification
Jeddah Light Rail TransitJeddah Metro CompanyRail1,500Prequalification
Obhur suspension bridgeJeddah Metro CompanyRoads1,000Under bid
Mecca Metro: phase 1 (Lines B and C) – civils, package 1Development Commission of Mecca & Mashaaer Rail2,653Under bid
Mecca Metro: phase 1 (Lines B and C) – systemsDevelopment Commission of Mecca & MashaaerRail3,547Under bid
Completion of Qasim-Mecca direct highway: Mecca portionTransport MinistryRoads1,560Under bid
Completion of Tabuk-Medina highway: Medina portionTransport MinistryRoads1,118Under bid
Source: MEED Projects

Retail

 Growth in saudi retail spending

Growth in saudi retail spending

Retail spending ($m)      
Categories201520162017201820192020
Retail sales, of which:118,132130,266143,974159,683177,314196,064
  - Grocery Retailers38,96842,21045,96550,07954,90359,649
   Non-Grocery specialists, of which:74,93083,18892,330102,905114,387126,661
   - Apparel & Footwear12,65914,25116,19818,36520,42822,127
   - Electronics & Appliances17,31019,46621,88724,79428,24032,325
   - Health & Beauty8,9799,98211,10912,35913,76115,235
   - Home & Garden13,72014,91316,01717,30818,52619,796
   - Leisure & Personal Goods20,63722,89525,39328,31231,61835,318
   - Other1,6261,6821,7261,7671,8161,861
   Mixed Retailers (department stores etc)2,6432,8643,1183,3893,6924,023
   Luxury Retailing1,697nanananana
   Non-Store Retailing*1,5902,0042,5603,3114,3325,730
*=includes direct selling, home shopping, internet, mobile, and vending machines; na=not available. Source: Euromonitor                                               

Growth in Saudi retail spending (%)          
Categories2015/16         2016/17      2017/18      2018/19       2019/20         
Retailing10.310.510.91110.6
  - Grocery Retailers8.38.98.99.68.6
   Non-Grocery specialists, of which:111111.511.210.7
   - Apparel & Footwear12.613.713.411.28.3
   - Electronics & Appliances12.512.413.313.914.5
   - Health & Beauty11.211.311.311.310.7
   - Home & Garden8.77.48.176.9
   - Leisure & Personal Goods10.910.911.511.711.7
   - Other3.52.62.42.82.5
   Mixed Retailers (department stores etc)              8.48.98.78.99
   Non-Store Retailing2627.729.330.832.3
Source: Euromonitor                                                                                                                                                                                                               

 

 

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