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SAUDI ECONOMIC BOOM CONTINUES UNABATED

Saudi Arabian market remains attractive for a multitude of large and medium industry sectors and the following statistics substantiate the facts.

  • Stable economy with a GDP growing at 4.5%
  • US$ 24,500 per capita income.
  • A strong budget allocation of US$ 228 billion for the year 2014.
  • Trade forecasts indicate a growth of 5.4% for the non-oil sector, generating a revenue of
    US$ 33 billion showing an annual increase of 10.4%.
  • Saudi Industrial Development Fund  (SIDF) approving loans worth US$ 75 million for new industrial and expansion projects.

All the above indicators bode well for the small and medium enterprises and a strong and buoyant consumer products market.

Added to this positive trend is the rising population with a high purchasing power and the diversity of its requirements from food, clothing, fashion wear, textiles, accessories to home décor and appliances and the list continues to grow.

This increasing demand unfolds new vistas of business prospects in the retail as well as
manufacturing sectors, distributorship and dealerships – thus giving a fillip to trade between the Kingdom of Saudi Arabia and the international business community.

Saudi Arabia – a haven for the small and medium enterprises and a strong and buoyant consumer products market