Saudi Arabia is witnessing an economic boom following a surge in oil prices and huge flow of foreign investments. Valued at $325.5 billion, The Kingdom's ambitious plan is to dramatically raise investment competitiveness with its programs designed to built six economic cities in Rabigh, Hail, Madinah, Jizan, Tabuk and Ras Azour.
Saudi Arabia's real GDP growth was estimated at 4.2% in 2008, and is projected to be 4% for 2009. Saudi Arabia remains one the most attractive Middle Eastern markets, boasting a government surplus of $157.3 billion in 2008. In addition GDP per capita rose to its highest levels in 27 years, to $18,531, highlighting signs of prosperity.
Between now and 2016, the population of Saudi Arabia is expected to grow by more than 20%, from 23 million to 30 million, which, in turn, will create an unprecedented opportunities for exporters in the following fields: