Saudi Arabia’s Vision 2030 and its wealth of potential

Saudi Arabia’s Vision 2030 programme will drive growth across the country, most notably in its asset management, tourism and insurance sectors.
According to Tadawul data, Saudi Arabia’s economy accounts for around half the $1.6trn represented by the GCC overall, making it the biggest market in the Arab world and the 19th-largest on the planet. The country is undoubtedly a global behemoth – however, tumbling oil prices and subsequent OPEC cuts in oil production over the past two years have dealt their share of blows to the economy. In January 2017, the IMF slashed its 2017 forecast from nearly two percent to 0.1 percent. However, its forecast for 2018 – announced in October – predicts an increase of one percentage point.

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