Saudi powers ahead

Saudi powers ahead

Saudi Arabia digs deep with infrastructure spending

May 1, 2013

Over the past few years, Saudi Arabia has been putting its vast oil wealth to work, upgrading its limited infrastructure in a bid to cater to the rising demand for office space, housing, schools and healthcare.

Saudi Arabia puts its capital to work

May 1, 2013

One of the few countries to remain largely unaffected by the global financial downturn, Saudi Arabia's economy is growing at a pace and, despite its expansionary fiscal policy, it continues to post a budgetary surplus. It has now started to put this capital to work in tackling pressing social issues, such as its high unemployment rate and housing shortage.

An enviable position

Saudi's banks enjoy an enviable position

May 1, 2013

Government spending has kept the Saudi Arabian economy buoyant over the past few years, allowing the country's banks to maintain a healthy profit level in 2012. And their prosperity is showing no signs of waning, with an ambitious home ownership target spurring growth in the mortgage market and momentum building in the small and medium-sized enterprise space.

Saudi Arabia's investment banking industry picks up the pace

May 1, 2013

Saudi Arabia's investment banking industry is gaining momentum, thanks in large part to a region-wide uptick in bond issuance, in mergers and acquisitions and growing demand for project finance. But the evolution of this sector is far from over, as the country's bankers turn their minds to deepening the markets and encouraging the liberalisation of the stock exchange.

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