After an exceptional year in 2003, Saudi Arabia excelled itself in 2004, producing another record-breaking performance across most sectors and laying the foundations for continued robust growth in the years ahead. While oil still underpins the economy and high oil prices produced record oil export revenues of $106bn in 2004 – well above the average of $69bn for the previous five years – the real dynamism has come from the non-oil private sector.
Investor confidence
