Saudi Arabia PESTLE Insights - A Macroeconomic Outlook Report

Saudi Arabia PESTLE Insights - A Macroeconomic Outlook Report

Summary

Mining, manufacturing and utilities contributed 43.4% to the gross value added (GVA) in 2022, followed by financial intermediation, real estate and business activities (11.6%) and wholesale, retail and hotels activities (9.7%). In nominal terms, the three sectors are expected to grow by 6.8%, 4.9% and 5.1%, respectively, in 2023.

In 2022, Riyadh was home to 20.8% of Saudi Arabia’s population and accounted for 19.6% of total GDP, according to GlobalData’s Cities database.

As of January 12, 2023, the SASEIDX index stood at 10,661.1, compared to 11,957.1 on January 12, 2022

Scope

• Saudi Arabia plans to raise SAR135 billion ($36 billion) for transportation infrastructure projects over next 11 years, beginning 2020, according to the Ministry of Transport.

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.