SPECIAL ANNOUNCEMENT

The Official Launch of Saudi Economic Survey is Here! Subscribe today to the online version and receive $150 off for a limited time!

Welcome to Saudi Economic Survey

Founded in 1967, Saudi Economic Survey, the only English language weekly published inside Saudi Arabia, has been communicating to its readers all that is significant in one of the most vibrant and vital economic regions in the world. The broad range of topics covered by the Survey includes banking, finance, business activity and oil. SES is an essential part of the regular reading material for executives, decision makers in firms and organizations engaged in any kind of business activity, and also those who are looking for investment opportunities in this part of the world. We welcome readers worldwide to join us now online for the first time.

Latest Updates

US-Saudi
Trade News
Saudi-US business ties on the right track

A 26-member American trade delegation from Ohio has visited the Kingdom in order to explore business opportunities in the Eastern Province and Riyadh. The delegates, headed by Cincinnati Mayor Mark…

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Business News
SHB net profit up 2.7% in Q4

Saudi Hollandi Bank (SHB) said its fourth quarter net profit edged up 2.7 percent on the year to SR231 million ($ 61.6 million) due to a fall in operating expenses,…

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Muscat Capital
Company News
Muscat Capital appointed as financial adviser of Saudi project

Muscat Capital, the investment banking subsidiary of BankMuscat in Saudi Arabia, has been appointed as financial adviser for Abdul Mohsen al Muhaisen Sons Holding Company, which recently signed a concession…

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ALJ
Business News
Abdul Latif Jameel Company

Abdul Latif Jameel Company (ALJ) plans to start a car accessories subsidiary in the Kingdom of Saudi Arabia, according to Dr. Saad Attiya Al-Ghamdi, Senior Deputy for the President of…

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Insurance and Contracts
Insurance News
Saudi Arabia insurance sector sees huge growth

Saudi Arabia has emerged as one of the most attractive insurance markets in the Gulf Cooperation Council (GCC) region. In recent years, the Kingdom’s insurance industry has progressed well, and…

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Tenders
Tenders
KSA Tenders – Week of 1/24/12

Department of Education in Qunfudah province (Tel:. +9667 732 1768) invites bids for the following tenders: 1. Completion of the third high school for girls in the province of Al-Bekariyah                                                                           …

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dubai at night shutterstock
Trade News
Dubai, Jeddah seek stronger co-operation

Dubai Chamber of Commerce and Industry (DCCI) received a Saudi chamber delegation headed by Adnan H Mandourah, Secretary General, Jeddah Chamber of Commerce and Industry recently in line with both…

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Infrastructure Growth
Economy News
Saudi 2011 inflation at lowest in 4 years

Saudi Arabia’s inflation slowed to a four-year low of 5% on average last year despite record government spending, data showed yesterday. Average consumer price growth in the $ 577bn Saudi…

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Sewage
Contracts
NWC begins work on 132,000 connections for sewage in Jeddah

The National Water Company (NWC) has started work on 132,000 sewage connections in the northern and central districts of Jeddah. The works began this month with the connection of 13,500…

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Oil and Gas
Aramco, Sinopec sign SR 32 billion Yanbu refinery deal

Saudi Aramco and Sinopec Group of China took another giant leap forward with the signing on Saturday of a landmark SR32 billion ($ 8.5 billion) joint venture agreement to set…

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Oil and Gas
Saudi Aramco to invest $ 200 billion in refining, exploration

Saudi Arabian Oil plans to build refineries in China and Indonesia as part of a $ 200 billion spending programme to double refining capacity and explore for oil and natural…

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Oil and Gas
Aramco Trading to spur global petroleum product sales

Aramco Trading, a wholly-owned company subsidiary, geared up and began commercial operations Jan. 1, 2012, as Saudi Aramco’s downstream investment portfolio expands in-Kingdom and overseas. A statement on the company’s…

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Economy News
Manufacturing output down in emerging markets

The manufacturing output in the emerging markets fell for a second successive quarter and at the sharpest pace since the first quarter of 2009, driven by a reduction in factory…

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desert railway
Contracts
SR 30.8 billion contract for Haramain Railway phase 2

The Kingdom signed on Saturday a SR30.815 billion contract with a Saudi-Spanish consortium for implementing Phase II of the Haramain High Speed Rail Project. The deal with Al-Shoula Co., representing…

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Cement
Construction News
Saudi Arabia cement crisis disrupts construction projects

The cement crisis in several regions of the Kingdom has disrupted a number of construction projects and seen prices soar on the black market. Citizens interviewed by Okaz/Saudi Gazette said…

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saipem
Business News
Saipem wins $600 million Saudi deals

Saipem, Europe’s biggest oil services company by market value, said it had clinched engineering and construction onshore contracts in the Kingdom worth about $ 600 million. Saipem said it was…

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