The economic studies aim to provide the reader with a macroeconomic overview. They also list the key sectors that offer important opportunities for our Belgian export companies.

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  • Economic study Saudi Arabia (January 2014)

    Saudi Arabia, the largest economy in the Middle East, is recording solid growth prospects with an annual average growth rate of 4.9% for the period 2014-2017, driven by both private and public consumption and investment.

    Rising oil revenues enabled the country to adopt the largest budget in its history in 2013. This budget amounts to EUR 221 billion and provides for expenditure that is 19% higher than in 2012.

    Apart from the oil pipelines and the refineries, the diversification of the country's economic activities is one of the government's priorities. The pharmaceutical, construction, renewable energy and education sectors are steadily improving and have attractive potential for foreign investors.

    On the occasion of the joint Belgian economic mission to Saudi Arabia (from 14 to 21 March 2014), the Belgian Foreign Trade Agency has published an economic study. The first chapter is devoted to the kingdom's macroeconomic situation, while the second contains an analysis of three dynamic sectors in which trade opportunities abound: infrastructure & logistics, energy and healthcare. This is followed by a selection of recent success stories of Belgian companies in Saudi Arabia.

    Document only available in French and Dutch.

    cover Economic study Saudi Arabia (January 2014)
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