Saudi Arabia Focus
$30bn Jizan mega project joins others to create new economy
- King Abdullah announced a new economic area in Jizan on November 5. The $30 billion project announcement follows three other new mega city developments already launched in Rabigh, Hail and Madina.
- Saudi Arabia: Monday, November 06 - 2006 at 15:24 |
Saudi investment strategy focuses on agriculture
- Saudi agriculture employs 12 per cent of the country's workforce and accounts for 3.3 per cent of the Kingdom's annual GDP. In social terms the sector has long been seen as crucial to the Saudi economy.
- Saudi Arabia: Tuesday, October 31 - 2006 at 17:05 |
Saudi stock market builds for possible recovery
- It is taking time for confidence in Saudi Arabia's stock exchange to return following the crash earlier in the year when share values shed $350 billion in just three months. But at last the stock market seems to be showing some signs that its recovery has begun.
- Saudi Arabia: Sunday, October 01 - 2006 at 09:13 |
Saudi mega city projects offer business opportunities
- The ambitious King Abdullah Economic City project has been boosted by August's successful initial public offering of shares in Emaar Economic City the body that is charged with carrying out the $26.6 billion development.
- Saudi Arabia: Tuesday, September 05 - 2006 at 17:05 |
Mining is new pillar of the Saudi economy
- Preparations for Saudi Arabia's vast mining expansion are gathering pace. Work on a phosphate concentrate beneficiation plant at Al Jalamid in the north of the Kingdom is due to start by the end of 2006. Canada's SNC Lavalin and Jacob Engineering Group of the US have completed advanced engineering work for the plant.
- Saudi Arabia: Thursday, July 27 - 2006 at 10:08 |
Saudi spends to double rate of growth
- Projected capital flows into the Saudi economy over the next decade are staggering. If the price of oil stabilises to an average of just $50 a barrel for the next 40 years compared to the near $70 it currently trades at, the Kingdom's revenues would be in the region of $13 trillion more than half of total GCC oil income.
- Saudi Arabia: Tuesday, June 27 - 2006 at 08:09 |
Foreign banks launch into Saudi financial market
- The move by Deutsche Bank and other global institutions into the Saudi financial market is a huge show of long-term confidence in the Kingdom's economy by some of the world's largest financial players.
- Saudi Arabia: Sunday, June 04 - 2006 at 09:05 |
Saudi authorities step in to support post-crash bourse
- The Saudi government is determined to reverse the fortunes of the country's beleaguered stock market. A range of initiatives aimed at stabilising the market, which is considered vital to the country's economic development, have been introduced in the last few weeks.
- Saudi Arabia: Saturday, May 20 - 2006 at 08:44 |
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