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Saudi Arabia now the 18th largest economy in the world and largest in MENA

Many Shias hate Iran and they don’t even marry with them. In fact calling a Shia man an ajami will lead to a tribal conflict and the tribe of the offender have to pay a tribute. My grandparents lived the the marshes in their youth the era they lived in it was a lawless era similar to the American Wild West, they remember the conflicts between the tribes and the Iranian government and how they used to see the severed heads of the people used to flow the marshes.


Yes you are very popular and this website say it all

https://3thmanly.com/ar/amp/مدد-الشوف-عندما-قهر-فرسان-العرب-غزاة-إسطنبول-المرتشين-فى-لبنان

https://3thmanly.com/ar/article/بكنجهام-رحالة-بريطاني-يرصد-دمار-العراق-على-يد-العثمانلية


https://3thmanly.com/ar/article/المحتسب-العثماني-لص-الأسواق-المصرية

https://3thmanly.com/ar/article/يعادون-العلم-والعلماء-العثمانلي-يحول-مدارس-دمشق-إلى-حظائر-غنم

Don't give our Kurdish friend a heart attack. In any case the guy is living in his own fantasy world. A few pages back he claimed that Arabs of all people identified as Turks (LOL) during the Ottoman era. Forgetting that most Arabs were never part of the Ottoman empire, that the Ottoman empire was mostly composed of freaking Arabs and not Turks, the land was mostly Arab too, Ottoman Arabic was many times more similar to Arabic than modern-day Turkish language, Arabic script was used, the culture, the religion, the system (Caliphate), the bureaucracy (copy of the Abbasid Caliphate) etc. Arabs, the people with the strongest and most influential culture and language identified as Turks (in his messed up reality) while not even the Ottoman elite in ANATOLIA wanted to associate themselves with the word Turk as proven (posted sourced material about this) on the previous page. Even the Ottoman name derives from an Arabic name (Uthman).

Arabs (those that lived in the Ottoman era) identified as no other than Arabs and some identified as Ottomans as well. As I wrote, Arabs were part of every part of Ottoman society locally. Back then it was mostly about religion anyway.

As for Iraqi Shia Arabs loving, Iran, lol, most Iraqi soldiers during the Iraq-Iran war (who were Shia) would disagree as would the people of Southern Iraq who have no love for Iran as I wrote and you also wrote.

Only among the religious people who are aligned with Wilayat al-Faqih (infested ones) there is some affinity but it is based on religion (Shia Islam) and not race, culture or anything. After all the average Iraqi Shia Arab Wilayat al-Faqih Islamist and his Iranian equivalent cannot even communicate with each other, lol.

A corrupt political elite in Iraq aligned to the Daw'ah party (supported by Iranian Mullahs) and a few pro-Mullah regime clerics (supported by Iranian Mullahs) = Iraqis loving Iran, lol. In the eyes of foreigners that is. It is always them. You never hear this from Arabs because we know better. Foreigners also think that Moroccans and Algerians despise each other due to regime conflicts or that the average Saudi Arabian and Yemeni hate each other and share nothing in common.:lol: This is what we are up against.

Having said that, ordinary Arabs, even in KSA, do not hate Iranians regardless of ethnic group on average. Only dislike for those that dislike Arabs. We don't have any such obsessions or inferiority complexes of events that took part 1400 years ago. After all it happened the other way around but that is the reality of the game. Empires come and go as I wrote yesterday. The Iranians emerged in history only thanks to internal wars among us Semites and civil wars in the Assyrian Empire. That's how it is to this day. When the Mullah's will fall (they will) KSA will ultimately gain more influence and other regional countries and likewise the other way around.
 
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We are honestly wasting our time. You have your views and I have my views that happen to be supported by most scholars and the ground realities in KSA and much more so the remaining Muslim countries. I told you when I would get worried if MbS tried to imitate certain practices common in many Muslim countries of the region. Let us return to the topic of this thread which is KSA's economy. If you want to create a thread about harmless WWE in KSA or Akon giving 1 concert, please do so on the Arab section. Or in the Arabic coffee shop thread. Maybe more Arab users (the few that remain) will join this discussion.



Do you do anything else than posting retarded and non-factual one-liners and showing your inferiority complexes towards Arabs? How does it feel to bullshit this much and making a laughing stock out of yourself?

@The SC @Wilhelm II @dani92 guys check this "genius" out.


Oiling the wheels on a road to success
Nature volume 532, pages S13–S15 (28 April 2016) | Download Citation

With the benefit of a sustainable plan and the funds to back it, Saudi Arabia is aiming high.

Saudi Arabia's scientific development may be in its infancy, but the oil-rich Kingdom is making strides in terms of research investment and publication — with a clear ambition to one day join those in the highest echelons.

532S13a-i1.jpg

KAUST students embark on a new school year with a commencement ceremony. The relatively new university has quickly made an impact on the Nature Index. Image: KAUST

In 2012, Saudi Arabia had a weighted fractional count (WFC) of 52.84 in the index, sitting behind Turkey, Iran, Mexico, Chile and South Africa. In four years it rose 86.8% to reach a WFC of 98.67, leapfrogging all these countries to compete with Chile and Argentina globally. Saudi Arabia ranks at number 31 in the world in terms of WFC — up from 39 in 2012.

The country has risen even higher in specific subject areas. In chemistry, for example, it has surpassed countries with a strong scientific impact like Finland and Ireland, with its WFC rising to 66.54, achieving almost a three-fold increase from its position in 2012.

Institutionally, the country's leading science hub King Abdullah University of Science and Technology (KAUST) made an impressive leap in its WFC between 2012 and 2015, carving a place for itself to compete with American and European research powerhouses.

In just four years, its WFC has risen to become higher than those of prestigious institutions including the European Organization for Nuclear Research (CERN), Brookhaven National Laboratory (BNL), the University of Georgia, United States, and Dresden University of Technology, Germany, to name a few. The output of all of these institutions dwarfed KAUST's in 2012, but KAUST's impressive trajectory since then has seen its WFC shoot to 72 in 2015, overtaking these heavy-hitters.

The country's science development ambitions have been backed by action. Since 2008, the country has embarked on a multi-tiered strategy that will see the Kingdom overhaul its science infrastructure, build high-spec labs, secure grants for research in priority areas in applied science, and link science to industries that drive the economy.

The strategy, broken into four stages to be implemented by 2030, aims to eventually “see Saudi Arabia become a leader in Asia and give it an economic power based on science,” says Abdulaziz Al-Swailem, vice president of scientific research support at King Abdulaziz City for Science and Technology (KACST).

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The Saudi Human Genome Project will sequence 100,000 human genomes to conduct biomedical research in the Saudi population. Image: Fayez Nureldine/AFP/Getty Images

Saudi Arabia's march to the top Saudi Arabia's efforts to boost its scientific research have been paying off, with its output in the Nature Index (WFC) rising steadily over the years. The two graphs below highlight Saudi Arabia's rise compared to other nations, both overall and for chemistry.

Overall output In 2012 Saudi Arabia's overall output in the index was below all the countries shown, but continuous efforts have seen the Kingdom's WFC rise to overtake them all in 2015.

532S13a-g1.jpg

Chemistry More marked than its overall rise, Saudi Arabia has made great strides in chemistry. After accelerated growth, which saw the Kingdom's chemistry WFC triple since 2012, it has outshone many larger players in the field in 2015.

532S13a-g2.jpg

The Kingdom's science investments focus on applied research that feeds directly into the country's industrial interests, particularly the oil and energy sector. But even in its strong subjects, chemistry and the physical sciences, Saudi Arabia's WFC remains modest compared to big players in Asia like China, Japan and South Korea.

“Saudi Arabia could look to some successful emerging economies for inspiration.”

To truly swim comfortably with these bigger fish, Saudi Arabia may benefit from looking at successful emerging economies in Asia.

One inspiration could be India. In addition to multi-disciplinary scientific and technical advancements that have improved its output in the index from 736.5 to 901.4 in the past four years, the subcontinental giant has joined the exclusive club of countries that have launched successful space missions.

Like Saudi Arabia, India's leading research institutes focus on chemistry, and their total output currently outstrips their Saudi Arabian counterparts by almost a factor of seven (the latter surpassing 472 in 2015, while the former is 66.5).

India's prowess in chemistry is something that Saudi Arabia can aspire to, considering that working conditions for researchers in the Kingdom are more conducive.

India's science ecosystem is far from perfect. Research funding cannot keep up with inflation and a general slowdown in the country's economy. In addition, commentators from the research community say the funding processes are lengthy, bureaucratic, and provide little feedback when applications for grants are turned down. Meanwhile, Saudi Arabia's healthy stream of oil revenue provides assured funding for the country's state-of-the-art research facilities.

While India has slightly increased spending and dedicated US$1.19 billion for the next fiscal year (2016–2017) for science, it has around 700 universities and 200,000 full-time researchers drawing on the same funding pot. By contrast, Saudi Arabia has pledged an education and training budget of US$50.9 billion for next year, which includes higher education and scientific research. With a total population of just 30 million, it has a much lower number of full-time researchers competing for the available resources.

Another impressive trajectory that Saudi Arabia might look to emulate is that of Singapore, which has a smaller population as well and has managed to climb high in the index. Like the Kingdom, Singapore also has a focus on chemistry research, and it has put together a similar top-down national science strategy for research institutes across the country. Both countries have strong collaborations with top universities around the world and are welcoming of foreign researchers in their efforts to drive innovation.

Mansour Alghamdi, director of the general directorate of scientific awareness and publishing at KACST, is optimistic that Saudi Arabia can bridge the large gap that currently exists in the volume of scientific output between it and such countries as India and Singapore.

“The Kingdom of Saudi Arabia has a clear plan to do so and it has the resources,” he says.

Future growth

An internationally rising star This graph shows KAUST's rise compared to a selection of other institutions*. *Institutions shown are those that were furthest above KAUST in 2012, have experienced overall growth in WFC by 2015 and have been overtaken by KAUST in 2015. For clarity, only 2012 and 2015 data points are shown.

532S13a-g3.jpg

In 2012, Saudi's ranking in research output, with a WFC of 52.8, meant it was comparable with countries like South Africa, Turkey and Iran, all hovering around the 60–70 mark. Its WFC stood way below countries like Mexico, Hungary, Chile, Greece and Argentina.

532S13a-i3.jpg

532S13a-i4.jpg

Saudi Arabian researchers benefit from cutting-edge labs and generous funding that has boosted the country's R&D. Image: Top: KACST; Bottom: KAUST

Four years later, the country's research outlook is very different and it is surpassing countries like Argentina, Mexico and Hungary in the index, and levelling the playing field with Chile. Chemistry research led the country's rapid rise to surpass these countries, but its life sciences and physical sciences WFCs of 8.5 and 31.5 still lag behind.

However, the Kingdom's AC has been steadily growing in these two fields over the past four years, hinting at the ever-increasing significance of international collaborations. It seems that Saudi Arabian researchers are casting their nets ever wider and are participating in publishing more articles, to the detriment of the WFC accredited for these articles.

Though international collaboration has proved fruitful, Saudi Arabia must keep a focus on nurturing home-grown talent, says Nasser Al-Aqeeli, dean of research at King Fahd University of Petroleum & Minerals (KFUPM), based in Dhahran's 'techno valley' in the eastern region of the Kingdom. In the next five years, he says, the country will focus on a programme for national capacity building.

A good first step was the Saudi government's decision to create a large scholarship programme in 2005, arguably the largest in the world, which has seen more than 200,000 young Saudi Arabians studying abroad. This makes Saudi Arabian students in the United States the fourth largest bloc of expatriate students, following those of China, India and South Korea. The government hopes these students will come back and drive a scientific culture in the country.

“Its rise up the ranks depends on a 'self-correcting mechanism' of a slow start to sustainable growth.”

Saudi Arabia is also looking to increase its applied research focus, which is an integral part of the current phase of its national science strategy, while securing good funding for basic research as well. Al-Aqeeli says that Saudi's journey involves what he termed a “self-correcting mechanism” where the country is having a slow start in high-impact research, but a more sustainable one. An eventual future move towards basic research might help Saudi Arabia's research capacity to mature.

https://www.nature.com/articles/532S13a

A few days ago Saudi Arabian students won gold medals in an international physics and science olympiad in Latvia. Will post the article in a few minutes when I find it.

Saudi foundation wins gold, bronze in European Physics Olympiad

RIYADH: Azan Al-Majnooni and Hisham Al-Maliki, of the King Abdul Aziz and his Companions Foundation for Giftedness and Creativity (Mawhiba), won gold and bronze medals respectively at the European Physics Olympiad (EUPHO) 2019, in Riga, Latvia.
The contest ran from May 31 to June 4, and the Saudi duo were praised for their awards by the secretary-general of Mawhiba, Dr. Saud bin Saeed Al-Mathami.
Al-Mathami stressed that the accomplishments were achieved thanks to government support for the sciences and the foundation. This was the first time the Kingdom had taken part in EUPHO, which hosted 26 other nations.
“This comes as an extension to the march toward achieving the targets of the Kingdom’s Vision 2030 through improving education and building a solid base for a talented generation, capable of realizing the aspirations of a state able to rely on creativity and innovation as a means to achieve,” he said.
The secretary-general added that Saudi Arabia paid great attention to gifted and talented citizens, catering their needs and requirements, upgrading services and programs supporting them, and creating the right environment to grow and develop their abilities.
Al-Mathami underlined that this victory was the result of fruitful and constructive cooperation between Mawhiba and King Abdullah University of Science and Technology and the Royal Commission for Jubail and Yanbu.
EUPHO is an international student contest, first held in 2017 in Estonia, and then in Russia 12 months later.

http://www.arabnews.com/node/1506936/saudi-arabia

Here is a statistic:

As of 2018, Saudi Arabia ranks 28 worldwide in terms of high-quality research output according to the renowned scientific journal Nature.[564] This makes Saudi Arabia the best performing Middle Eastern, Arab and Muslim country.

Saudi Arabia spends 8.8 % of its gross domestic product on education, compared with the global average of 4.6%, which is nearly double the global average on education.[565]


https://en.wikipedia.org/wiki/Saudi_Arabia

Courtesy of @The SC

Saudi Crown Prince commends $76.5bn non-oil revenue in 2018

Saudi Arabia’s non-oil revenue has more than doubled between 2014 and 2018 to $76.5bn (SAR287bn), and Crown Prince HRH Mohammed Bin Salman bin Abdulaziz Al Saud said this growth underscores the kingdom’s economic achievements as outlined by the goals of its Vision 2030 long-term diversification programme.

The Crown Prince said Saudi Arabia’s economic and structural reforms are steadily moving to achieve the targets of Vision 2030, which is also accounted for in the 2019 budget. The document was approved by Custodian of the Two Holy Mosques, HRH King Salman bin Abdulaziz Al Saud of Saudi Arabia, on 18 December, 2018.

Calling financial stability a fundamental pillar of economic progress, the Crown Prince said reforms introduced in Saudi Arabia over the last two years have directly contributed to the kingdom’s steady reduction in budget deficit. The kingdom announced a budgetary shortfall for the sixth year in a row as part of its 2019 budget. On 18 December, Saudi announced that its projected 2019 deficit of $36.2bn (SAR136bn) is 32% lower than the corresponding value expected for 2018, $52bn (SAR195bn).

But it is the growth of non-oil revenues that stands out in Saudi Arabia’s 2019 budget announcement. In 2014, non-oil earnings worth $33.9bn (SAR127bn) contributed 12% to Saudi Arabia’s total revenue, and this number has surged to 32% in 2018, when the corresponding figure is valued at $76.5bn. In a statement, Saudi Arabia’s Minister of Finance, Mohammed Al-Jadaan, said this growth is “largely attributed to the continued implementation of economic reforms and initiatives such as value-added tax (VAT) and energy price reforms”.

https://www.constructionweekonline....prince-commends-765bn-non-oil-revenue-in-2018

2017 mind you..


Crowning achievements


1- Saudi Vision 2030

On April 25, 2016, then deputy crown prince put forth the ambitious Vision 2030 project, aimed at pulling Saudi's economy away from its dependence on oil, implementing structural reforms, and opening the country to diversified sources of income and investments.

2-Saudi PMO

Then deputy crown prince was also behind the launching of Saudi National Transformation Plan (NTP) 2020 across 24 government bodies operating in the economic and development sectors, and most importantly having in 2016 initiated the Project Management Office (PMO), which puts certain consultancies in position to bring more efficiency to the public sector, and mediate issues related to government services.

3- Aramco IPO

In October 2016, it was announced that Aramco was selling 5% of its shares for an estimated value of $100bn, based on a $2trn estimation that the government has put out. The sale, orchestrated by then deputy crown prince, will take place in 2018.

4- Saudi women driving

The Saudi crown prince sponsored the Saudi lifting the world's only ban on women driving, with implementation in June 2018 to allow for the proper laws and procedures to take effect. Already, many advertisers, such as Coca Cola have taken advantage of this and put their products behind the wheel as well.

5- Saudi entertainment

Keen on attracting tourists, but also on keeping Saudis in the country instead of seeing them travel away on tourism, the crown prince was behind the idea of launching a $2.7bn entertainment firm heralding a new era for the kingdom that could relax previously stringent rules on movie viewing, and theatre, among others.

6- NEOM + 50 virgin islands

Virgin Group founder Sir Richard Branson announced his intent to invest in a Red Sea project that turn 50 Saudi Arabian islands into luxury tourism destinations, and the $500bn 100% renewable NEOM city by the Red Sea, with SoftBank investing $$billions into the project as well. Both development projects were launched by the crown prince.

7- VOIP

The crown prince approved Saudi Arabia's lifting of its ban on voice calls such as Skype,WhatsApp and other applications, whereas this was not legally possible before, and with it, a new era of open communication was launched.


https://www.ameinfo.com/industry/finance/crown-prince-mohammed-bin-salmans-top-7-achievements

The Wilayat al-Faqih drone praising the Iranian Mullah regime and their "morality police" in another thread (one-liner) again just a few minutes ago.:lol:

https://defence.pk/pdf/threads/morality-police-hit-irans-restaurants.622491/page-4

Talk about a troll.
Sometimes I don't receive mentioned alert in pdf!!!! Facts are facts words are empty our friend is joking

More absurd unfunded nonsense.

That is not the case, has never been the case and will never be the case. An Arab will always take the side of a fellow Arab. KSA is much more than the House of Saud. Every Arab, in particular all Muslim Arabs, will always feel a deep affinity towards Arabia for religious, cultural, linguistic, ancestral and historical reasons that are millennia old. As well as the people. Regardless of who rules KSA. House of Saud, MB, liberals, communists and what not.

Egyptians have nothing to do with you historically, culturally, geographically nor ancestrally. Unlike KSA. Ties between Saudi Arabians (people) and Egyptians (people) are like that of brother. In particular with Hijaz. Even the dialect is extremely similar. You are just an outsider. Now Erdogan and his Arab wife have tried to champion political Islam in order to gain influence in the Arab world (the Islamic heartland which is why Erdogan does not care about Indonesia or Malaysia and spends little time trying to gain influence there) by attaching himself to the MB movement but that is a failed project before it even began. Not only that Erdogan is on his last legs in Turkey. The influx of millions of Syrians is not helping either.

Arab Shias are small in numbers and unlike popular belief the vast majority of Arab Shias, who happen to be Iraqi Shia Arabs form Southern Iraq, share everything in common with KSA and love the people greatly and the land as well. Now that KSA and Iraq (politically) have great and close ties again, the popular sentiment is changing very quickly among those brainwashed by Iranian propaganda. Only a visit on social media (Arabic), Twitter, Youtube etc. where KSA-Iraq related videos can be watched, will confirm this.

Ask @CamelGuy or @dani92 or any Iraqi.

I understand as an Turkish Kurd born and breed in Germany, that has never met any Saudi Arabian in his life or many Arabs other than Syrian refugees or some Iraqis, you are pretty clueless. That and not speaking a word of Arabic and having zero clue about Arab history etc or the Arab world. Probably never visited a single Arab country at that too and if visited one or two as a tourist for 2 weeks in some hotel, lol.

As for Arab Shias "loving" Iran (LOL) I suggest taking that discussion with this Pakistani brother in his 40's who will shatter another lie and absurd claim of yours.

@GumNaam please tell this anti-Arab and Arab-obsessed Kurdish Zaza how much Shia Arabs in KSA love Iran. Or how much Iraqi Shia Arabs love Iran, the shame Iran that they curse daily and whose consulates they BURNED down last summer and flags in public in protests attended by 100.000's of Iraqi Shia Arab youth.:lol:

Also tell him that we have never interacted until yesterday so no bias either.

Guys check this out:

@Wilhelm II @The SC @Philip the Arab

There have literally been 15-20 active Egyptian users on PDF overall since I have been here. Not one shared your nonsense lie or "view". On the contrary not a single one was anti-KSA. The most that occurred were some disagreements about internal House of Saud policies and a too strict clergy. None of which is relevant as of 2019. Not only that millions of Egyptians have lived and worked in KSA in the past many decades.

Anyway regardless of disagreements, petty rivalries among Arabs (even within the same country) we will always remain Arabs and brother and sisters that share almost everything. Foreigners (in your case Turkish Kurds) are like aliens in this relationship and frankly irrelevant. That is the reality.
Sorry brother I'm really tired of those empty words from this trolls they make me headache you can't speak logical with them they love anarchy
 
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Well, KSA has been part of the G20 for some time now if i'm not wrong. Plus they have been the largest economic power in the MENA region for some time now if i remember well. They have been a G20 member for a while now(The only middle eastern country in the G20 and one of the only Muslim country along with Turkey and Indonesia to be part of the G20). So no surprise about this news.
Moreover i believe they will be hosting the upcoming G20 summit next year. Having been to KSA once i will say they are not doing bad, the have very decent infrastructure and their people also live a very decent/good life as they got high living standards. So their government has done a fairly good job, though much more needs to be done to industrialised the country and sustain growth/development in the long run.
 
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Well, KSA has been part of the G20 for some time now if i'm not wrong. Plus they have been the largest economic power in the MENA region for some time now if i remember well. They have been a G20 member for a while now(The only middle eastern country in the G20 and one of the only Muslim country along with Turkey and Indonesia to be part of the G20). So no surprise about this news.
Moreover i believe they will be hosting the upcoming G20 summit next year. Having been to KSA once i will say they are not doing bad, the have very decent infrastructure and their people also live a very decent/good life as they got high living standards. So their government has done a fairly good job, though much more needs to be done to industrialised the country and sustain growth/development in the long run.
There are thousands of projects going on in Saudi Arabia right now.. try to read about Vision 2030.. it is all there..:cheers:
 
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His show is good but sometimes he is sectarian and he defended Iran’s regime many times

Well, even Taha al-Dulaimi as described says a lot of very correct things about the Iranian regime, Iranians and some Shia practices and some Shia clerics yet he is still a sectarian retard. So you have to ignore the part that is nonsense.

I like how it's a serious talk but he has these plush animals next to him like it's a kid's show

:rofl:

Indeed some bad joke.
 
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IMF sees Saudi Arabia non-oil GDP growth rising in 2019

Sarmad Khan
May 19, 2019
Reforms in the Arab world's biggest economy are yielding positive results

FILE-PHOTO-A-general-view-of-the-Mall-of-Dhahran-a-shopping-mall-operated-by-Arabian-Centres-in-Dhahran.JPG

Mall of Dhahran in Saudi Arabia -- the kingdom's non-oil economic growth is picking up pace. Reuters

Saudi Arabia’s economic reforms agenda has started yielding positive results for the kingdom and employment along with the non-oil growth, one of the key objectives of the economic diversification strategy, has picked up pace, the International Monetary Fund said.

The economic outcome improved last year in Saudi Arabia, the biggest Arab economy, with gross domestic product growth rebounding to 2.2 per cent after contracting in 2017. Real oil GDP increased by 2.8 per cent while non-oil GDP growth rose to 2.1, the IMF said after article IV consultations with the kingdom.

The non-oil economy of Opec’s top oil exporter is expected to further strengthen to 2.9 per cent in 2019, the IMF noted.

“Recent monthly indicators have been positive and the increase in oil prices since the turn of the year is boosting confidence [in the kingdom’s economy],” the fund said.

It added that it is difficult to assess future developments in the oil market given uncertainties. However, on the assumption that Saudi Arabia produces at its agreed level under the current Opec + agreement, the IMF expects its oil GDP growth of 0.7 per cent this year and overall real GDP growth of 1.9 per cent.

“If Saudi Arabia increases oil production, then oil GDP growth would be higher - as would export and fiscal revenues,” the IMF said. “Over the medium-term, the [IMF] team expects a strengthening in non-oil growth to around 3 to 3.25 per cent as the ongoing reforms yield dividends and overall real GDP growth to settle around 2.5 per cent.”

Although government spending has increased, the exit of expatriate workers and their dependents on the back of higher residency fees appears to have held back growth,” the IMF noted. The country's consumer price index inflation rose with the introduction of the VAT and an increase in energy prices in January last year. However, inflation has since eased as housing rents have fallen, pulling consumer prices down by 2.1 per cent year-on-year in March.

Saudi Arabia is going through a huge reform programme to wean its economy off oil, which still accounts for a major chunk of government revenues. Riyadh is vying to reduce the public sector spending footprint on the broader economy and has cut back on some of the state subsidies to rationalise expenditures. It introduced VAT at the beginning of last year to create alternative revenue lines as it continues to prepare state-controlled entities for part privatisation to unlock value.

The IMF said higher government spending - on the back of relatively higher oil prices - has supported growth and the implementation of reforms but has also increased some medium-term fiscal vulnerabilities.

The Saudi fiscal deficit narrowed in 2018 to 5.9 per cent of GDP. Oil and non-oil revenues increased substantially in 2018 and despite the budget surplus in the first quarter of this year, and the IMF team projects that the fiscal deficit will likely rise to 7 per cent of GDP in 2019.

The fund said, despite progress, fiscal consolidation is needed to reduce the medium-term vulnerabilities in the Saudi economy.

“The team understands the authorities’ desire to support growth and the Vision 2030 reform programme through higher spending but believes that fiscal policy should strike the right balance between fiscal sustainability, social spending, and development,” the IMF said.

“If oil prices are lower than assumed in the government’s budget plan, the country would face large fiscal deficits unless spending was reduced, but from a starting position of weaker fiscal buffers than in 2014,” the Washington-based fund noted.

The IMF suggested that planned energy and water price reforms, supported by compensation for low and middle-income households through the Citizens Account programme, and increases in expatriate labour fees, should proceed.

A reduction in the government wage bill, a more measured increase in capital spending, and the better targeting of social benefits, will all yield additional fiscal savings, it said.

Updated: May 19, 2019 10:05 AM

https://www.thenational.ae/business...ia-non-oil-gdp-growth-rising-in-2019-1.863128
 
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World's largest gold mine and processing plant to be developed in Saudi Arabia

Outotec-L&T to build world's largest gold mine in Saudi


Saudi Arabian Mining Company (Ma'aden) said it has awarded an engineering, procurement and construction contract to a consortium of Finnish group Outotec and Indian engineering giant Larsen & Toubro (L&T) for developing the world's largest gold mine that produces an average of 250,000 ounces of gold per year over the mine's original life span.

The Mansourah & Massarah mines and processing plant project will come up in the Central Arabian gold region and will be capable of processing up to four million tonnes of ore per annum, said the statement from Maaden.

The project is being developed by Ma’aden Gold and Base Metal Company (MGBM), a wholly-owned subsidiary of Maaden.

According to the Saudi group, the total investment in the mine is likely to reach SR3.3 billion ($880 million) and the production is likely to begin in 2022.

Once competed, MGBM will manage production and sale of gold, copper, silver, and zinc, with gold accounting for the biggest business segment.

The project represents a major step for Ma’aden not only because they are the largest gold mines, but also because of the technical challenges that accompany the treatment of this type of gold ore, it added.

The Finnish group said its share of the project is over €140 million. The order is almost evenly shared between the reporting segments and will be booked into Outotec's second quarter 2019 order intake, stated Outotec.

A major player in the construction and engineering sector, L&T said the project, a first-of-its-kind within Saudi Arabia, is being developed based on the latest Pressure Oxidation Technology (POX).

The Saudi EPC order for gold processing plant was secured after stiff global competition and is the largest single EPC order for the metallurgical business in the international market, said the top Indian construction group.

Its scope of the work includes design, engineering, procurement, installation, construction and commissioning of various sub units of the process plant and associated infrastructure works.

As per the deal, the consortium of Outotec and Larsen & Toubro will provide engineering, procurement and construction services for the construction of a greenfield mineral concentrator and gold processing plant in Saudi Arabia.

Once completed, the treatment plant will be able to process up to 4 million tonnes per year of thermal materials found in mineral deposits - the first time this type of gold ore has been processed in the Middle East.

Unveiling the mega project, Maaden CEO Darren Davisden said: "We are proud of this project, which was discovered through the activities of the Ma'aden exploration team, which carries out extensive mining exploration programs, which was announced earlier this year."

"This project is an important element of our strategy to increase our gold production to one million ounces a year and our continued growth in the Kingdom will provide hundreds of direct and indirect jobs in the Saudi economy and contribute to the development of communities around our business areas," he stated.

"Sustainability is a key element of this project, as in other Ma'aden investments. This project will be the first in the kingdom to use solar energy as a source of energy. The project will also benefit from treated wastewater for miners via a 430-km-long pipeline constructed by Ma'aden from Taif to the remote and water-scarce area of the mines," he added.

Ma'aden is the champion of the Saudi Arabian mining industry, and now internationally recognised mining company with global presence.

The company is also managing six gold mines in the western part of the kingdom, including the Duwehi mine, which began commercial production in 2017 with around 275,000 oz in 2018.

Ma'aden plans to spend about SR295 million ($67 million) on the exploration programme. The accelerated minefield, which was launched at the beginning of 2019, represents a threefold increase in Maaden's investment commitment in previous years. It aims to shorten the time required to transfer new discoveries to the development stage.

On the contract win, Outotec CEO Markku Teräsvasara said: "We are extremely pleased with this significant order and continued cooperation with Ma'aden that is growing to be a global mining company. Our previous deliveries have included grinding, flotation and filtering technologies as well as alumina calcination technology, and three sulfuric acid plants."

"Our proven technologies and services enable them to get the best value from their resources and build sustainable operations," he stated.

The scope of work includes basic and detail engineering, procurement and delivery of process equipment, commissioning, start-up assistance and training services. The new gold processing plant is due to be completed in 2022.


http://tradearabia.com/news/IND_354227.html

The history of Saudi Arabian gold

May 5, 2017
Saudi Gazette report
Mahd Al Dahab

GOLD has been used for coinage, jewelry and adornments throughout recorded history.

Goldsmithery is one of the oldest trades that showcased man’s artistic creativity. It can be traced back to the time of the pharaohs of Egypt.

Requiring great skill and patience, today the Kingdom has goldsmithery institutes that teach the intricate technical and creative skills of the art, Al-Riyadh daily reports.

Gold is used in making jewelry and other ornaments. It is also commonly used in dentistry and electronics. One of the reasons gold is used in dentistry, especially as gold teeth, is because of its durability.

As a metal, gold is soft but durable, particularly if combined with another non-toxic metal. Gold teeth are usually strong and last long.

The use of gold in electronics is due to its excellent electrical conductivity and reliability. It is used in conductors, switches, connecting wires and many other electronic components.

First gold mine

Gold was first mined in Arabia approximately 3000 BC. A second period of activity was during the Islamic Abbasid period between 750 and 1258 AD.

Extraction of gold started in the Kingdom during the era of King Abdulaziz, particularly between 1939 and 1954, at Mahd Al-Dhahab after the deposit was rediscovered in 1932.

The city, about 380 kilometers northeast of in Madinah province in the western region of the country, is situated at 1060 meters above sea level. Mining is carried out by underground methods with a total tunnel development in excess of 60km and a metallurgical plant.

Translated as the Cradle of Gold, Mahd Al-Dhahab was the first gold mine in the modern Saudi Arabia. In 2007, Mahd Al-Dhahab mined and processed approximately 183,425 tons of ore at a grade of 11.1 grams per ton of gold from underground operations, resulting in gold production of approximately 58,256 ounces.

In addition, the mine also processes reclaimed tailings and produces copper and zinc concentrates for third party toll smelting.

The Saudi government established the Saudi Arabian Mining Company in 1997 as a joint stock company with a capital of SR4 billion to operate five mines across the country. The company has expanded its business operations to include the development of phosphate, aluminum and other precious minerals.

Karat is the unit used to measure how pure a piece of gold is and it is abbreviated as “kt or K”. Usually, 24K gold is very expensive as it contains pure gold while 22K gold implies that 22 parts of the jewelry is gold and the remaining two parts are some other metal like silver, nickel, zinc and other alloys. The same thing applies to 18K gold, which consists of 18 parts of pure gold.

It is common for Saudi men to give their future wives dowry in gold. When a man proposes to a woman and when her parents and she accept, the man buys gold jewelry and presents it to his fiancée.

Gold remains the preferred gift for Saudi women even after marriage, especially during birthday parties, pregnancy parties and wedding anniversaries.

The Technical and Vocational Training Corporation (TVTC) offers diplomas in goldsmithery because the labor market is in dire need for goldsmiths, both men and women. The TVTC diploma program focuses on women because they are more likely than men to consider a life-long career in the field.

http://saudigazette.com.sa/saudi-arabia/history-saudi-gold/

Gold mines and gold used for jewelry occurred in Arabia almost simultaneously to events in neighboring Egypt.

The oldest known map of a gold mine was drawn in the 19th Dynasty of Ancient Egypt (1320–1200 BCE), whereas the first written reference to gold was recorded in the 12th Dynasty around 1900 BCE.[86] Egyptian hieroglyphsfrom as early as 2600 BC describe gold, which King Tushratta of the Mitanni claimed was "more plentiful than dirt" in Egypt.[87] Egypt and especially Nubiahad the resources to make them major gold-producing areas for much of history. One of the earliest known maps, known as the Turin Papyrus Map, shows the plan of a gold mine in Nubia together with indications of the local geology. The primitive working methods are described by both Straboand Diodorus Siculus, and included fire-setting. Large mines were also present across the Red Sea in what is now Saudi Arabia.

https://en.wikipedia.org/wiki/Gold#Cultural_history

The largest ancient gold mine in the Middle East is also located in Saudi Arabia (Hijaz). It is called Madh Al-Dhabab and it is known as the "cradle of gold".

There is a possibility that the Cradle of Gold is mentioned in the Biblical story of the Garden of Eden in The Book of Genesis. - "And a river went out of Eden to water the garden; and from thence it was parted, and became into four heads. The name of the first is Pishon: that is it which compasseth the whole land of Havilah, where there is gold; And the gold of that land is good: there is bdellium and the onyx stone." Research by archaeologists Juris Zarins of Missouri State University and Farouk El-Baz of Boston University indicates that the Pishon Rivermay be the now dried up river bed that once flowed 600 miles north east from the Mahd adh-Dhahab area of the Hejaz c. 3000 BC.[1]

The site has also been identified with "King Solomon's Gold Mine."[2] Geologists have found a vast abandoned gold mine. Among their finds are huge quantities of waste rock, an estimated million tons, left by the ancient miners, still containing traces of gold. Thousands of stone hammers and grindstones used to extract the gold from the ore litter the mine slopes. Robert W. Luce said: "Our investigations have now confirmed that the old mine could have been as rich as described in biblical accounts."

https://en.wikipedia.org/wiki/Mahd_adh_Dhahab

Gold jewelry is also used as part of traditional clothing (attire) for women in every single historical region of KSA and Arabia. Saudi Arabian/Arabian women also used to wear the most gold as part of their traditional attire in the entire Arab world and probably/most likely the Middle East as well.
 
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Where are all the Pakistani members of defense.pk? or is it me the only Pakistani here!
 
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Where are all the Pakistani members of defense.pk? or is it me the only Pakistani here!

Even on this forum (PDF) which is not representative of Pakistan or Pakistanis at all (most users would admit that openly and anyone familiar with Pakistan as well) are happy. Outside of a few loud trolls there are no issues whatsoever. There is no need to suggest the opposite.

KSA-Pakistani ties are as strong as ever. I and most Arabs will also be pro-Pakistan regardless of who rules Pakistan because we know about the deep religious, cultural, linguistic, ancestral and historical ties aside from geographic proximity and the fact that cooperation (mutually beneficial) is always the best option. It is a no brainer. No amount of a few loud anti-Arab/Arab-obsessed trolls is going to change that and I hope the same is the case for every other Arab reading PDF.
 
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Saudi economy measure hits 19-month high despite geopolitical worries
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ARAB NEWS
July 03, 2019

Purchasing managers’ index reveals that inflows of new orders from abroad rose for the fourth month running

LONDON: A key business output measure has hit a 19-month high in Saudi Arabia driven by new business growth but tempered by geopolitical worries.

The Emirates NBD Purchasing Managers’ Index revealed that inflows of new orders from abroad rose for the fourth month running.

However, overall business confidence in Saudi Arabia and neighboring UAE has suffered from rising regional geopolitical tensions, which has increased in recent months following attacks on shipping.

“While both output and new work increased at a solid rate in June, there was almost no change in private sector employment,” said Khatija Haque, head of regional research at Emirates NBD. “Firms remained optimistic about future output, although this component of the survey declined to the lowest level since August 2018, possibly reflecting heightened geopolitical tension in the region.”

Caught in the middle of a global trade war and regional political tensions with Iran, Gulf economies such as Saudi Arabia and the UAE are also seeking to introduce rapid economic reforms as their oil revenues come under pressure amid rising shale production in the US and faltering global demand.

The headline seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index rose to 57.4 in June, up from 57.3 in May and the highest since November 2017. A reading above 50 indicates expansion.

FASTFACT



The Saudi Purchasing Managers’ Index rose to 57.4 in June, up from 57.3 in May.

“In contrast to the headline PMI, output growth in Saudi Arabia’s non-oil private sector slowed to a three-month low during June. That said, the rate of expansion remained sharp and was broadly in line with the long-run series average,” Emirates NBD said.

June also saw a second consecutive monthly rise in average cost burdens faced by non-oil private sector businesses in the Kingdom. Despite this, the rate of inflation was fractional and eased from May.

Business confidence towards future growth prospects was strongly optimistic during June, Emirates NBD said.

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Sami Al-Obaidi, chairman of the Council of Saudi Chambers.
The Kingdom is seeking to grow foreign direct investment as part of a broader economic reform push.

Sami Al-Obaidi, chairman of the Council of Saudi Chambers, told the Arab British Economic Summit in London yesterday that it was important to boost economic cooperation and investment ties with the UK.

PMI data also released yesterday for the UAE reported a decline from 59.4 in May to 57.7 in June.

Backlogs of work increased amid reports of delays in receiving payments from customers, the bank noted.

Non-oil companies remained strongly optimistic that business activity will increase over the coming year, although sentiment eased again from April’s record high.

Next year's Expo 2020 was highlighted as a key factor behind overall business optimism.

http://www.arabnews.com/node/1520281/business-economy

Saudi private sector growth rises to 18-month high in June: PMI

WED, JUL 03, 2019 - 12:44 PM

[DUBAI] Saudi Arabia's non-oil private sector growth rose to an 18-month high in June, although output prices and growth fell, a monthly survey of companies showed on Wednesday.

The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers' Index (PMI) rose to 57.4 in June from 57.3 in May, well above the 50 mark indicating expansion.

Saudi Arabia's private sector was subdued last year as it felt the impact of fuel price hikes, the introduction of a 5 per cent value-added tax and the higher cost of hiring foreign workers.

But it has rebounded this year, with the PMI averaging 56.9 points so far against last year's average of 53.8.

"The June survey data showed little change from May's readings, with the headline PMI only marginally higher on the back of slightly faster new work growth," said Khatija Haque, head of MENA research at Emirates NBD.

Job creation decelerated slightly to 50.3 in June from 50.5 a month earlier.

Output prices for goods and services dropped as well, to 49.6, after a rise to 50.6 last month.

Output growth fell slightly in June, with the sub-index dropping to 61.1 from 61.4 in May, a three-month low. Growth continued, however, reflecting an increase in customer demand, according to the survey's authors.

https://www.businesstimes.com.sg/go...tor-growth-rises-to-18-month-high-in-june-pmi
 
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