Saudi Arabia - Economic Overview and Infrastructure

Projects November 2016

The current MENA Economic Monitor report expects Saudi Arabia to show solid real GDP growth, even as inflation moderates slightly. The country is expected to maintain a fiscal budget deficit in 2016 and 2017, partly because of the expected continued low price of oil, and partly as it works to help the economy move away from oil as its only basis, through the National Transformation Program (NTP) 2020, undertaken to drive the institutional capacity and capabilities needed to achieve Saudi Arabia’s Vision 2030. Under the NTP 2020, the Kingdom will undertake 543 initiatives across 24 government entities, totaling nearly Saudi Riyal (SAR) 270 billion in aggregate funding. Importantly, this funding is expected to highly leverage the private sector, with private company money adding to and driving specific projects beyond the initial government budget. This report focuses on the opportunities for private sector participation in infrastructure projects in NTP 2020, which we estimate totals over SAR 55 billion.

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