SAUDI ARABIA. CB Richard Ellis released today the latest MarketView for the Kingdom of Saudi Arabia.
OVERVIEWKing Abdullah’s recent pledge to spend 30% of the Kingdom’s annual economic output (approximately US$130 billion) on mass housing, job creation and training, unemployment benefits and a raft of other social and economic measures has been welcomed with great enthusiasm.
However, as the supply and demand gap continues to widen in the housing sector, affordability remains the key deterrent for home ownership amongst Saudi nationals. Saudi Arabia has the largest re
UAE. Up 400,000 barrels per day from August and the highest level since December 2013, led by Libyan output recovery; Higher volumes from Iraq also drove the increase; "It's numbers like this that are contributing to the enormous slide in oil prices."
SAUDI ARABIA. The pharma industry has grown from US$3-US$4 billion from 2008-2013; Healthcare budget as a percentage of GDP has increased from 3.4% to 4.9% over the same period; Physical penetration of international players and gradual shift towards low-cost genetics changing landscape.
UAE. Market share will likely keep increasing within a supportive operating environment; S&P estimates market share is nearing 25% of overall GCC banking system assets and that it could edge closer to 30% over the next 5-6 years; Qatar, Saudi Arabia, and the UAE offer the brightest growth opportunities.
UAE. EY launches the "Growth drivers" report which identifies the four biggest drivers of policy; Governments are increasingly viewing entrepreneurship and SME development as a solution to youth unemployment and sustainable economic growth
UAE. "The proposed Amanat IPO is strong evidence of continuing interest in regional and international interest in IPOs in the UAE and the GCC more widely, despite the recent softening in equity markets globally."