Key Economic Data. Saudi Economy from Regional & Global Perspective. Administrative Reform to Enhance Economic Activities. Saudi Exports & Imports.

Transcription

1 2011

2 Key Economic Data. Saudi Economy from Regional & Global Perspective. Administrative Reform to Enhance Economic Activities. Saudi Exports & Imports. The 2011 Saudi Budget Why Invest in Saudi Arabia? 2

3 Area Population Saudi Non-Saudi (2010) sq. kms 27.1 million 18.7 million 8.4 million Population Growth Rate 2.4 No. of Labor Force Gross Domestic Product 8.6 million $ 435 billion GDP/ Capita $

4 DEVELOPMENT EXPENDITURES IN PREVIOUS PLANS $ 1 Trillion Spent on Development Sectors Human Resources 36.3 % Infrastructure 29.1 % Economic Resources 19% Health and Social 15.6 % 4

5 Nominal GDP ($ Billion) Growth Oil Sector Non-Oil Sector

6 Cont. Strong GDP growth. Large budget and current account surpluses. Bank- driven and oil-driven liquidity growth. 25% of world Oil reserves. Fourth Largest Natural Gas reserves. The largest economy in the Arab World, Among the top 20 Economy in the world. The Largest producer of Petrochemicals in the Arab World. A major contributor to third world developing economies. A member of WTO. Member of many Arab & International Organization. 10 th world wide Exporter (excluding intra-eu (27) trade). 21 nd word wide Importer (excluding intra-eu (27) trade). 6

7 Cont. Ease of doing business 2011 report for the selected economy (Covering 183 countries) Economy Ease of doing business Starting a business Dealing with construction permit Registering property Getting credit Saudi Arabia Japan Malaysia Emirates South Africa Qatar Spain Turkey Source : Rankings Doing business - The world bank group 7

8 Cont. Ease of doing business 2011 report for the selected economy (Covering 183 countries) Economy Protecting investors Paying taxes Trading across borders Enforcing contracts Closing a business Saudi Arabia Japan Malaysia Emirates South Africa Qatar Spain Turkey Source: Rankings Doing business - The world bank group 8

9 A strategic geographic location Free & Large Market Strong Purchasing Power Economic & Political stability Modern Infrastructure Availability of Energy & Raw Materials No Personal Income TAX Open Economy High rate of liquidity Over a Trillion in US$ Investment Opportunities 9

10 Cont. Saudi Arabia topped the list of Arab host of foreign direct investment flows in 2009 worth $ billion Saudi Arabia became on top of the list of Arab host of inter-arab investments interfaces, worth $ 13 billion, up 38.1% of the total Granting tax incentives for investment projects in less developed regions in the Kingdom Kingdom concluded 41 bilateral agreements with various countries of the world, including 17 in the area of investment and 24 for the prevention of double taxation 10

11 Restructuring Public Bureaucracy. Re-evaluate and issue new laws. Developing IT and Communication platforms. Attention to sectors in which Saudi Arabia has comparative and competitive advantages. Attention to the environment and Water Resources. Creating more jobs for Young Saudis. Private / Public partnership. Accelerating Privatization Program. Support SME s and Family Business. Promotion of Non-Oil Export. 11

12 (2009) Exports $184.4 Billion - Export/GDP 49.9% Imports $80.3 Billion - Import/GDP 21.7% 12

13 SAUDI NON-OIL EXPORTS Petrochemical Products Electric Power Towers (High Tension) Paper Industries Medicines Prefab. Steel Structure Buildings Air Conditioners Cleaning Materials Plastic Textiles Insulating Material Plastic pipes & fittings and bottles 13

14 SAUDI NON-OIL EXPORTS Miscellaneous Plastic Material Electric Cables Irrigation Industries Electric Poles Steel Angles for Electric Power Towers Transparent Glass Carpets Cement Foodstuffs Copper Wire, bars and rolls 14

15 ADVANTAGES OF SAUDI NON OIL EXPORTS High Productivity with advanced technology. Applying International Standard & Specification. Availability of Raw Material. Accessibility to more than 148 International Markets. More than 2000 commodity within 17 groups. High Quality of Packaging. Suitable & competitive price. Certified for International Markets. Qualified team for marketing & after sale follow up. Financing programs. Air, sea & land cargo from various ports. 15

16 SAUDI NON-OIL EXPORTS ($ BILLION) Year Value Growth % % % % % % % Value 16

17 $200 billion $92 billion $90.7 billion $88 billion $70.7 billion $53.5 billion $50 billion $28.3 billion $10.7 billion Physical Infrastructure Petrochemical Expansions Electric Power Generation Water Desalination Telecom and IT Tourism and Leisure Development Natural Gas Production Agricultural Expansion Educational and Training 19

18 Expenditure Budgeted $155 Billion Sectors Allocation % Other Sectors Transport & Communications Water, Agriculture, Industry Education 40 Health & Social Development Development Funds Revenues Budgeted $144 Billion 21

19 Thank you