Kingdom of Saudi Arabia

Profile & History

Saudi Arabia is the largest economy within the GCC region, and a country with incredible opportunity and business potential.

Apart from possessing 25% of the world's proven petroleum reserves, and ranking as the largest exporter of petroleum, the Kingdom now presents signficant business opportunity for foreign companies through the real estate sector which will be further buoyed by the introduction of the new mortgage law and massive government expenditure on infrastructure projects.

A surge of interest in Saudi Arabia from our clientele for locally gathered credit information solutions, led to Infocredit Group entering into a joint venture through its partner company, Mecos Infocredit, to form Mecos Saudi in May 2009 together with one of the country's most respected families, the Jamjoom Group.more

Country Profile

Economy: Saudi Arabia has an oil-based economy with strong government control over major economic activities.  The Kingdom possesses more than 20% of the world’s proven petroleum reserves, and ranks as the largest exporter of petroleum, with a leading role in OPEC.  The petroleum sector account for 75% of budget revenues, 45% of GDP, and 90% of export earnings.  Around 40% of GDP comes from the private sector.  The government encourages private sector growth in power generation, telecommunications, natural gas exploration, and petrochemicals, to lessen its dependence on oil exports.more