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Page Content Indicators on the development of the Saudi economy during 2009: - GDP of $369 billion (at current prices). - $14,879 GDP Per capita
Relative contribution to GDP by sector (in 2009)
61% |
Oil Sector |
39% |
Non-Oil Sector |
25% |
- Private Sector |
14% |
- Government Sector |
GDP by major economic activities at stable prices:
27% |
Mining and quarrying |
12% |
Manufactured Products |
12.5% |
Finance, insurance and real estate |
8.3% |
Retail and wholesale trade, restaurants and hotels |
7% |
Building and Construction |
4.7% |
Agriculture, forestry and fishing |
6.5% |
Transport, storage and communications |
1.6% |
Public utilities (electricity, water, gas) |
20% |
Other Activities |
Most important indicators of the Saudi stock market in 2009: - The number of trading companies has reached 135 companies. - The market value of shares is around 1195 billion riyals. - The number of traded shares is around 57.3 billion shares. - The value of traded shares is around 1264 billion riyals. - The number of transactions in the stock market is around 36.5 million transactions.
The banking sector:
The Saudi Arabian Monetary Agency represents the Central Bank. The Kingdom has 19 commercial banks, including branches of: the National Bank of Kuwait, the Deutsche Bank, Bank Muscat, the National Bank of Bahrain, and J.P. Morgan. The number of branches of commercial banks in 2008 has reached about 57 branches more than the previous year, coming to a total of 1410 branches.
Industrial sector developments till 2009: The industrial sector has witnessed a steady development which has attained remarkable achievements, thanks to the efforts of the Kingdom in supporting the industrial developments, as the factories that existed in 1974 which were 198 in number reached 4548 factories in 2009. Moreover, the number of workers increased from 34,000 to more than 500,000 workers.
The industry sector of other non-metallic mineral products is the leading sector as there are 768 factories representing 17% of the total number of operating factories. In addition, the refined petroleum products sector leads the industry in terms of the volume of investments – 154 billion riyals, accounting for 39% of the total investments of producing factories. This is followed by the other non-metallic mineral products industry whose size of investments is 53 billion riyals, accounting for 13%. However, the food products and beverages industry tops all sectors in terms of employment – 95,780 laborers, accounting for 19% of the total number of laborers in producing factories.
Saudi industrial exports also witnessed a significant growth rate of 13.8% annually over the period 1992 to 2008, and therefore its value increased from 12,537 million riyals in 1992 to 98,710 million riyals in 2008.
The number of producing factories, the size of their investments and the number of employees between 1974 and 2009:
Number of Factories |
Investment Volume |
Number of Laborers |
Industrial Activities |
1974 |
2009 |
1974 |
2009 |
1974 |
2009 |
39 |
717 |
2,028 |
39,175 |
7,199 |
95,780 |
Food products and beverages |
1 |
88 |
20 |
4,383 |
60 |
14,844 |
Textile industry |
1 |
77 |
38 |
738 |
249 |
8,255 |
Garment industry |
2 |
48 |
7 |
662 |
50 |
4,049 |
Leather products industry |
4 |
54 |
65 |
846 |
839 |
4,082 |
Wood and wood products industry |
9 |
152 |
177 |
7,006 |
843 |
17,277 |
Paper industry and products |
18 |
117 |
809 |
3,722 |
2,594 |
10,344 |
Printing, publishing and reproduction of recorded media |
4 |
80 |
364 |
153,814 |
3,487 |
24,539 |
Refined petroleum products industry |
9 |
476 |
2,954 |
47,909 |
2,429 |
39,880 |
Chemicals and chemical products industry |
11 |
490 |
522 |
12,764 |
1,895 |
42,481 |
Rubber and plastics industry |
25 |
768 |
3,771 |
52,785 |
3,780 |
77,319 |
Other non-metallic mineral products industry |
24 |
316 |
234 |
36,851 |
2,801 |
45,282 |
Basic minerals products |
9 |
315 |
160 |
8,312 |
931 |
28,576 |
Structural metal products |
12 |
228 |
808 |
5,110 |
4,357 |
23,466 |
Machinery and equipment industry |
- |
5 |
- |
660 |
- |
2,704 |
The production of office and accounting machines, and computers |
2 |
110 |
127 |
9,353 |
464 |
19,203 |
Machinery and electrical appliances industry |
- |
21 |
- |
964 |
- |
1,983 |
Equipment, radios, television and communication Industry |
2 |
13 |
78 |
83 |
33 |
379 |
The production of medical devices, measuring instruments, optical tools, and various timepieces |
8 |
138 |
- |
2,399 |
622 |
12,809 |
Motor vehicles and trailers industry |
- |
15 |
170 |
294 |
- |
1,473 |
Other transportation equipment |
17 |
317 |
- |
6,469 |
1,295 |
29,737 |
Furniture industry and other industries not classified elsewhere |
- |
3 |
- |
40 |
- |
123 |
Metal and Non-Metal Recycling |
198 |
4,548 |
12,331 |
394,338 |
33,928 |
504,585 |
Total |
Data table illustrating approximate Gregorian years and their corresponding accurate Hijri years 1394 H and 1430 H, respectively.
Source: Operational Industrial Projects System (OIPS).
Tourism sector developments till 2008:
- The Kingdom has many touristic advantages that distinguish it from other countries in the world represented in the presence of the Two Holy Mosques, other tourist sites, climate diversity, and availability of capital. - Contribution of the tourism sector in the GDP is 2.7%. - Contribution of the tourism sector in non-oil GDP is 6.9% - Total expenditure on tours $19.8 billion, including $10 billion on local tourist trips, and $9.2 billion on incoming tourist trips. - The number of employees in the tourism sector is about 444 thousand laborers; 24.5% of whom are Saudi.
Saudi Economic Cities: The Government of Saudi Arabia has begun to establish a number of world-class economic cities in some regions of the Kingdom at an initial cost of more than $85.3 billion dollars aimed at developing the energy industry, stimulating the services sector, attracting knowledge, localizing technology, and providing jobs. It is expected that these cities will contribute 150 billion dollars in GDP by 2020, and will provide career opportunities for nearly 1.3 million people. Also it is expected to establish a seaport in the King Abdullah Economic City (one of the first economic cities). This seaport will occupy an area of 13.8 km2, and will be largest port in the region, and one of the five largest global ports, which will have the ability to accommodate more than ten million containers.
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