Saudi Arabia’s Economy Expands and Diversifies, But Trade Remains Oil-Centric
Saudi Arabia’s economy has roughly doubled over the past decade, yet oil exports still dominate trade.
Saudi Arabia’s economy has roughly doubled over the past decade, yet oil exports still dominate trade.
Exports have stagnated over the past decade, while imports have risen steadily, reinforcing MENA’s demand-led growth story.
Export growth is now concentrated in fast-industrialising Asia, infrastructure-heavy Middle Eastern economies and new manufacturing hubs in Eastern Europe.
ANDAMAN PARTNERS Co-Founders Kobus van der Wath and Rachel Wu will attend the Future Minerals Forum (FMF) in Riyadh, Saudi Arabia.
Oil still dominates Saudi Arabia’s exports, but the country now exports a rapidly growing array of non-oil products.
The Kingdom of Saudi Arabia's economy is undergoing government reform to diversify from a dependency on oil revenue, with vast investment devoted to developing a range of new industries.
ANDAMAN PARTNERS Co-Founders Kobus van der Wath and Rachel Wu will attend the Future Minerals Forum 2025 (FMF) in Riyadh, Saudi Arabia on January 15 to 16, 2025.