Saudi economic and investment outlook by Aljazira Capital
Ziad Tarek Abdullah Aba Al-Khail, Managing Director and CEO of AlJazira Capital talks about Saudi capital markets.
List of all articles filed under “saudi-arabia-topics” category.
Ziad Tarek Abdullah Aba Al-Khail, Managing Director and CEO of AlJazira Capital talks about Saudi capital markets.
Hesham Abo Jamee, CEO of Alistithmar Capital talks about the outlook for the Saudi capital markets.
Badr Al-Musaibeh, CEO of Al Hammad Holding talks about restructuring of the group.
Badr Al-Musaibeh, CEO of Al Hammad Holding talks about doing business in Saudi Arabia.
Paddy Padmanathan, President and CEO of ACWA Power talks about the outlook for the economy in Saudi Arabia.
Abdullah M. Ben Jebreen, CEO of Abana talks the state of the ATM network in Saudi Arabia.
Saudi Arabia is a growing nation. Statistics show that 70% of the population is under the age of 30. There is a huge demand for education. One need only look to the increasing number of universities and colleges opening up in the past 15 to 20 years to see that. Right now, the Kingdom has 28 public universities and 12 private ones, and nearly the same number of private colleges. We also have vocational training programs, and other options for military-specific training, or for medicine.
The government is keen to ease doing business in Saudi Arabia. With establishing SAGIA and allowing for 100% ownership, the government initiated steps towards this goal. There were obstacles before, but nowadays it is very easy to open a business. Recently, when King Salman visited the United States, he welcomed an open market for the retail sectors.
Public debt in Saudi Arabia is among the world’s lowest, with a gross Debt-to-GDP ratio of less than 2% in 2014 and is expected to be around 6% by the end of 2015. The transportation mega projects will lead to economic activity and growth, plus the hospitality projects around Mecca and Medina.
The Saudi stock market today has been negatively affected by many factors particularly the geopolitical issues especially in Yemen and Syria and the sharp decline of the oil price from $120 to $40, which is a decline of some 60 or 70%.