The Report: Saudi Arabia 2015

The accession of King Salman bin Abdulaziz Al Saud in January 2015 was the start of a new chapter for the Kingdom, and with the fall in global oil prices and continued regional turbulence there are undoubtedly challenges to be met. However, domestic stability, combined with the government’s commitment to major development projects and sustained focus on economic diversification, indicate a positive overall outlook for the country moving forward.

Saudi Arabia is home to vast hydrocarbons resources – about 15.7% of global reserves – and these make up the bulk of the country’s revenues. While the recent drop in oil prices is undoubtedly a concern, sustained diversification drives have yielded strong results for the Kingdom, with non-oil growth now outstripping that of the oil sector. Of particular interest is the June 2015 opening of the Kingdom’s stock exchange to qualified foreign investors, which promises to increase investment flows.

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