Flash Reports

Saudi Arabia

Austerity measures to trim down the Kingdom’s massive fiscal deficit took a toll on growth in Q1 2015 and the economy expanded at the weakest pace in three years. Moreover, Q1’s economic performance was negatively affected by a base effect stemming from lavish spending associated with the coronation of the new king in January of 2015. Saudi Arabia automotive industry is an emerging sector boomed in the last decade with the domestic market landed within the global top 20, leading the sector development within the Gulf Cooperation Council area. However, the 2016 fell down, first time in almost a decade. As reported in our researches, the 2017-2022 Outlook is back positive, albeit the 2018 should be harsh.

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