Irving, Texas (PRWEB) September 21, 2012
Lucintel’s research on Saudi Arabia provides a wide array of analytical inputs on the country’s performance and outlines the political, economic, social, technological, legal, and environmental structure of the country. Saudi Arabia’s economy, which has sustained strong growth, is expected to reach US $754.7 billion by 2017. The country’s political system is an absolute monarchy, dominated by the royal family in virtually all existing levels. The country’s economy is considered high income and is the largest in the Middle East.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on different aspects of the country and presents its findings in “PESTLE Analysis of Saudi Arabia 2012.”The report provides a holistic view of the country from current and future perspectives, and understandings gained from this analysis can be used to plan business investments and market entry strategy.
The stability of the government could face a challenge due to the high unemployment rate among its youth and public sector corruption. Most of the Middle East countries face the same problem. Saudi Arabia has an edge over its neighbors with its strong economic performance and weak opposition pattern. Another major issue is an unbalanced relationship between the public and the private sectors. The public sector economy could become unsustainable over time. There is an increasing need of private sector participation to secure the country’s long-term prospects.
Lucintel’s research highlights that the government, through its ninth five-year plan, has taken measures to draw private investment to help fuel the expansion of Saudi Arabia’s non-oil sector. Within the country’s economy,the service sector is a major contributor. The government plans diversification efforts to focus on the power generation, telecommunication, natural gas exploration, and petrochemical refineries to promote and diversify its economic activity.
In its study, Lucintel examines Saudi Arabia’s trend of GDP, quarterly trend, sectoral contribution, growth volatility, inflation rate, income, and international trade structure. The report helps identify issues that affect the country’s performance through the prism of current strengths, challenges, future prospects, and risks.
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