Saudi Arabia: What is Aramco up to on the eve of its IPO?

final pic

Florence Eid-Oakden, Ph.D, Chief Economist

Robin Mills, Energy Analyst
Charlene Rahall, Roa Ibrahim, Nicki Siamaki, Analysts

Highlights include:

  • The 2018 budget and the stimulus packages focusing on SMEs, housing, construction and export growth are expected to support 2018 non-oil sector growth.
  • Price pressure is expected to increase in 2018 especially with the introduction of a 5% VAT, and other external challenges such as higher oil and international food prices and monetary tightening by the US Fed.
  • Aramco announced annual spending of USD 41.4B as it prepares for the IPO, higher than investments by Shell (USD 25B) and Chevron (USD 20B).

The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.

To access this report, please click here.