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    Saudi aviation opens up to private investors

    The airline, which with a fleet of 150 aircraft is the largest in the Middle East, has been boosted by increases in international passengers and cargo operations but in particular by a significant growth in …

    Read full article » Saudi Arabia: Monday, January 09 - 2006 @ 17:05
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    Saudi Arabia: $163 billion oil revenues

    According to Saudi American Bank’s latest economic analysis on the Kingdom, oil revenues this year are expected to reach $163 billion realising a current account balance of $101 billion.

    Samba chief economist Brad Bourland says:

    ‘We …

    Read full article » Saudi Arabia: Thursday, December 08 - 2005 @ 09:01
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    Saudi WTO success heralds economic expansion

    Saudi Arabia will formally join other countries as a full member when the WTO holds its General Council ministerial summit in Hong Kong on December 13.

    While there is an adjustment period to allow the …

    Read full article » Saudi Arabia: Monday, November 14 - 2005 @ 08:34
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    Foreign investment heads sharply upwards in Saudi Arabia

    Saudi Arabian General Investment Authority governor Amr Al-Dabbagh estimates that investment into the Kingdom last year totalled $3.8 billion. The aim, he says, is to draw in $1 trillion in foreign direct investment over the …

    Read full article » Saudi Arabia: Tuesday, October 25 - 2005 @ 09:00
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    Saudi Arabia’s $35 billion construction boom

    The changing skyline along Jeddah’s cornice and in Riyadh with its landmark 70-storey Al-Faisaliah tower are witness to the acceleration in construction activity throughout the Kingdom in recent years. More than $1 billion of hotel …

    Read full article » Saudi Arabia: Sunday, October 02 - 2005 @ 10:50
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    Saudi petrochemicals, massive expansion

    Saudi Arabia accounts for more than three quarters of the GCC’s production of petrochemicals which in turn supplies 7% of global needs for basic, intermediary and final petrochemical products.

    The Gulf countries themselves are considered a …

    Read full article » Saudi Arabia: Sunday, September 25 - 2005 @ 09:17
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    WTO set to boost foreign direct investment into Saudi Arabia

    Meanwhile, the Saudi Arabian General Investment Authority in co-operation with the World Bank, is carrying out an evaluation of the investment environment in the Kingdom.

    The Kingdom took its giant step towards joining the organisation …

    Read full article » Saudi Arabia: Thursday, September 22 - 2005 @ 10:04
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    Industrial diversification lifts off in Saudi Arabia

    Plans have recently been outlined to increase the number of specially developed areas dedicated to industrial and manufacturing undertakings from 14 to 24. This is seen as necessary to widen the nation’s industrial base through …

    Read full article » Saudi Arabia: Thursday, August 11 - 2005 @ 10:16
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    Kingdom’s banks look to golden era

    Record prices for Saudi crude oil have sent government revenues soaring and boosted business confidence. As a result greater consumer appetite for personal loans is continuing this year with an increase in deposits helping to …

    Read full article » Saudi Arabia: Thursday, August 04 - 2005 @ 09:57
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    Mobile phones transform the Kingdom’s telecom market

    According to the company’s corporate sales manager Hassan Al-Sawwa the company, a joint venture of Saudi interests and the UAE telecoms operator Etisalat, also intends to offer a range of third generation mobile services covering …

    Read full article » Saudi Arabia: Monday, July 25 - 2005 @ 16:11

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