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
Total 840
Source: Saudi Arabia Finance Ministry                                                                                                                                                              
Saudi Arabia budget, 2015
Government revenues 2015 (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-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15
Government deposits (SRbn) 1,630 1,561 1,535 1,416 1,372 1,324 1,270 1,254 1,244 1,233 1,190 1,201 1,163
Total deposits in commercial banks (SRbn)      1,542 1,576 1,544 1,599 1,619 1,626 1,646 1,646 1,629 1,625 1,653 1,602 1,623
Total bank credit (SRbn) 1,252 1,251 1,260 1,270 1,282 1,288 1,306 1,319 1,323 1,328 1,330 1,342 1,355
Loan-to-deposit ratio (%) 81.19 79.38 81.61 79.42 79.18 79.21 79.34 80.13 81.22 81.72 80.46 83.77 83.49
3-month Saudi interbank rate (%) 0.89 0.86 0.86 0.82 0.78 0.77 0.77 0.78 0.78 0.83 0.88 0.93 1.03
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)
2000 21,000
2010 43,000
2020f 85,000
2030f 120,000
f=Forecast. Source: Saudi Electricity Company (SEC)                                                                                                                                                            
Saudi peak electricity demand growth (%)                                                                                                                                                                  
2008 7
2009 8
2010 10
2011 5
2012 8
2013 3.7
2014 5
Source: MEED
Saudi Electricity Company planned new capacity by year (MW)        
Scheme 2016       2017      2018      2019      2020      2021      2022      2023      2024     
Qurrayah (steam turbine)                  
PP12                  
Duba    600              
PP13 1,800                
Shuaiba                   
PP14 1,755                
North Qassim       1,800          
South Medina (Taiba ISCC)                     3,780         1,800  
Waad al-Shamal   1,050              
PP15         1,800 1,800 1,800    
PP16             1,200 600 1,200
Al-Kharj         500        
Al-Rays               1,800 1,800
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 Rank Project Client Industry Contract Value ($m)  Main Contract Award  Scheduled Completion 
1 Riyadh Light Rail Transit (Riyadh Metro): Lines 1 & 2 Arriyadh Development Authority Transport 9,289 2013 2019
2 Haramain High-Speed Rail Network: Phase 2 Saudi Railways Organisation Transport 8,396 2011 2016
3 Riyadh Light Rail Transit (Riyadh Metro): Lines 4, 5 & 6 Arriyadh Development Authority Transport 7,820 2013 2018
4 Riyadh Light Rail Transit (Riyadh Metro): Line 3 Arriyadh Development Authority Transport 5,942 2013 2018
5 KAIA: Phase 1: New Terminal: Package 1 General Authority Of Civil Aviation Transport 4,034 2010 2016
6 Military Medical City in Riyadh: Phase 1 Ministry of Defence Construction 3,800 2015 2020
7 Housing Development: Phase 2 Saudi National Guard Construction 3,600 2011 2015
8 Abraj Kudai in Mecca Ministry of Finance Construction 3,500 2013 2018
9 King Abdullah Project: Security Forces Medical Complex: Riyadh Ministry of Interior Construction 3,350 2013 2018
9 King Abdullah Project: Security Forces Medical Complex: Jeddah  Ministry of Interior Construction 3,350 2013 2018
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 ($m)
Airports 1,034
Ports 172
Roads 4,907
Rail 603
Total 6,716
Source: MEED Projects                                                                                                                                                             
Key infrastructure projects planned to be awarded in 2016
Project Project owner Sub-sector Estimated budget ($m) Status
Jeddah Metro: Green line Jeddah Metro Company Rail 1,500 Prequalification
Jeddah Metro: Orange and Blue lines Jeddah Metro Company Rail 8,000 Prequalification
Jeddah Metro: Red line Jeddah Metro Company Rail 3,500 Prequalification
Jeddah Light Rail Transit Jeddah Metro Company Rail 1,500 Prequalification
Obhur suspension bridge Jeddah Metro Company Roads 1,000 Under bid
Mecca Metro: phase 1 (Lines B and C) – civils, package 1 Development Commission of Mecca & Mashaaer  Rail 2,653 Under bid
Mecca Metro: phase 1 (Lines B and C) – systems Development Commission of Mecca & Mashaaer Rail 3,547 Under bid
Completion of Qasim-Mecca direct highway: Mecca portion Transport Ministry Roads 1,560 Under bid
Completion of Tabuk-Medina highway: Medina portion Transport Ministry Roads 1,118 Under bid
Source: MEED Projects

Retail

 Growth in saudi retail spending

Growth in saudi retail spending

Retail spending ($m)      
Categories 2015 2016 2017 2018 2019 2020
Retail sales, of which: 118,132 130,266 143,974 159,683 177,314 196,064
  – Grocery Retailers 38,968 42,210 45,965 50,079 54,903 59,649
   Non-Grocery specialists, of which: 74,930 83,188 92,330 102,905 114,387 126,661
   – Apparel & Footwear 12,659 14,251 16,198 18,365 20,428 22,127
   – Electronics & Appliances 17,310 19,466 21,887 24,794 28,240 32,325
   – Health & Beauty 8,979 9,982 11,109 12,359 13,761 15,235
   – Home & Garden 13,720 14,913 16,017 17,308 18,526 19,796
   – Leisure & Personal Goods 20,637 22,895 25,393 28,312 31,618 35,318
   – Other 1,626 1,682 1,726 1,767 1,816 1,861
   Mixed Retailers (department stores etc) 2,643 2,864 3,118 3,389 3,692 4,023
   Luxury Retailing 1,697 na na na na na
   Non-Store Retailing* 1,590 2,004 2,560 3,311 4,332 5,730
*=includes direct selling, home shopping, internet, mobile, and vending machines; na=not available. Source: Euromonitor                                               
Growth in Saudi retail spending (%)          
Categories 2015/16          2016/17       2017/18       2018/19        2019/20         
Retailing 10.3 10.5 10.9 11 10.6
  – Grocery Retailers 8.3 8.9 8.9 9.6 8.6
   Non-Grocery specialists, of which: 11 11 11.5 11.2 10.7
   – Apparel & Footwear 12.6 13.7 13.4 11.2 8.3
   – Electronics & Appliances 12.5 12.4 13.3 13.9 14.5
   – Health & Beauty 11.2 11.3 11.3 11.3 10.7
   – Home & Garden 8.7 7.4 8.1 7 6.9
   – Leisure & Personal Goods 10.9 10.9 11.5 11.7 11.7
   – Other 3.5 2.6 2.4 2.8 2.5
   Mixed Retailers (department stores etc)               8.4 8.9 8.7 8.9 9
   Non-Store Retailing 26 27.7 29.3 30.8 32.3
Source: Euromonitor