Read e-book online A Guide to the Saudi Arabian Economy PDF

By John R. Presley (auth.)

ISBN-10: 134905741X

ISBN-13: 9781349057412

ISBN-10: 1349057436

ISBN-13: 9781349057436

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IMF US dollar import price index adjusted for movements in the riyal exchange rate against the dollar. SouRCEs Various SAMA Reports. cent per annum; from 1397 onwards the inflation rate has declined to levels which compare very favourably with western economies. The latest figures in fact indicate a fall in the Cost of Living Index of over 2 per cent annum in 1400/1 and a stable general index during the first two quarters of 1402. The cause of inflation was not difficult to ascertain in this period.

An investment only half-finished is wasted; it would have been better not to have undertaken the investment in the first place. What is the point of a road which does not have its top surface, which stretches part way to its final destination? What is the value of a pipeline which does not connect the source of oil or gas to its place of utilisation? Hence it is imperative that the government's large-scale investment projects are carried through to completion. This applies particularly to the building of the industrial cities of Yanbu and Jubail, the gas-gathering programme and many other infrastructure projects.

D. b. b. l. 2. 3. 4. 6 116747 1981 w -J 38 A Guide to the Saudi Arabian Economy level it will undoubtedly necessitate a drawing upon reserves, a situation which could not continue in the long term. Despite its large share of the oil market it would be impossible for Saudi Arabia to act unilaterally to stabilise oil prices. Large fluctuations in world demand cannot always be counteracted by fluctuations in Saudi Arabian oil supplies; in 1981 all members of OPEC shared in the reduction of output (with the exception of Indonesia); Libya, Nigeria and Kuwait lowering output by 30 per cent below 1980 levels.

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A Guide to the Saudi Arabian Economy by John R. Presley (auth.)


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