ussaudiforum - panel 2 - aamer abdullah alireza - industrial infrastructure initiatives
DESCRIPTION
The 3rd US-Saudi Business Opportunities Forum was held Sep 16-18, 2013, bringing together officials, business people, educators and specialists highlighting the U.S.-Saudi trade relationship and how U.S. companies can participate in Saudi Arabia's expansion. Saudi Arabia is undergoing an extraordinary economic boom. Massive public investment, rapid private-sector growth and new sector initiatives are driving an expansion projected to offer more than $1 trillion in trade and investment opportunities over the next decade. This panel of distinguished experts highlighted engines for economic growth in Saudi Arabia.TRANSCRIPT
17th September, 2013
A Case Study “ Red Sea Gateway Terminal & TUSDEER”
Industrial Infrastructure Initiatives; Engines for Economic Growth
Highlights for Saudi Arabia Economy
19th largest economy in the world.
world fastest growing population with more than 3% p.a.
60% of the population is under the age of 21
GDP growth of 8.5% and 6.8% in 2011 and 2012
22nd most economically competitive country in the world.
Saudi Arabia: " Economic Renaissance"
Source: IMF, World Bank, NCB, Saudi Gazetter , IFC, World Bank
Strong Economy.
Educated young talent pool. Government drive formega project for infra-structure and SOE development.
Stable and Growth Economy
Double digit growth.
Continuous growth for the future driven by mega projects.
US, the biggest export and 2nd biggest import partner for Saudi Arabia
Effect on Trade
Import Drivers - Mega Projects
HealtHcare
Power & alternative
energy
industrial clusters and economic
cities
roads railways & metro
airPorts
Housing & buildings
Petro-cHemical &
mining
Production:8.9 million metric tonnes
teu’s generated:600,000teu
Production:6.2 million metric tonnes
teu’s generated:400,000teu
natPet
Petro rabigH
yanPet
yansab
al-sHarQ etHylene
aPcc
saudi Kayan
alwaH PetrocHemical comPleX
Kemya
ncP
tasnee/bassell Jv
Export Drivers - Petro-Chemicals
Initiatives for Facilitating Trade
“ Public & Private sector investment to manage the growth”
Source: MOT,SRO, SPA, SAGIA, Saui Gazette, Arab news.
roads
usd27bil(~2014)
uPgrade of national networK
uPgrade of inner city networK
Ports
usd914mil(~2015)
JeddaH (rsgt) dammam
ras al-KHair Kaec Jizan
rails
usd17bil(~2025)
saudi land bridge (riyadH- JeddaH) Haramin HigH sPeed rail
nortH-soutH mining line gcc railway ProJect
Hazm
Ras Al Zour
Al-Quorayyat
Hail
Rabigh
Makkah
Al-Hadeetha
Al-Baseeta
Madinah
Jeddah
Gizan
Yanbu
Khamis Mesheet
Buraidah
Zubariya
Dammam
Riyadh Hardh
Jubail
Al-Taaf
Hafouf
Current Railway Haramin High Speed Rail Project The North-South Line The Land Bridge Future Projects
Investment in Infra Development
Private Sector InitiativesRSGT & TUSDEER
TUSDEER
RSGT
1st Bonded Re- export Zone in Saudi Arabia Preferred destination for freight Added value Logistic center for regional cargoInitiative as a global approved metal depot
TUSDEER
1st BOT project with investment of USD 600 milBoosted 45% of port capacityFacilitated the growth of volume Capable of handling triple E-Class
Red Sea Gateway Terminal (RSGT) in Jeddah.
Coping with Paradigm ShiftMega Facilities
4 Mega Vessel Handling a Week in RSGT
UASC Ain Snan CSCL Jupiter
HANJIN Asia MSC Savona
(13,000TEU) (14,000TEU)
(13,000TEU) (13,000TEU)
Supply ChainThe Next Frontier
Supply Chain
wareHouse& 3Pl
inland dePot
roadsrailwayssea Ports
Wrap - Up
Saudi economic & trade volume is growing Extensive mega projects and international & local investment is ongoing Private sector continue to play a key role
Thank you