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Saudi Arabia Freight Transport Report Q3 2015

66 Pages BMI Research June 17, 2015 SKU: BMI5590722

BMI View: The outlook for the Saudi Arabian freight transport sector in 2015 is positive and we forecastrobust growth across all freight modes. Rail freight in particular will perform well as the country ramps upits mineral exports, utilising newly developed freight lines like the North-South Railway. Despite the fall inthe oil price through the end of 2014 we expect that the economy will continue to grow, driven in large partby private consumption. As a result, demand for containerised goods imports will be strong, boosting boxthroughput at container ports and intermodal volumes on the roads.

Real growth in Saudi Arabia's total trade will be steady rather than spectacular in 2015 and over ourmedium-term forecast period to 2019. We forecast a 3.3% expansion this year, followed by 2.7% next year,and project an average rate of 2.5% annually over the next five years. This growth will be overwhelminglydriven by a real expansion in real imports, as opposed to exports. In 2015, we forecast that imports willincrease by 5.5% to exports' 1.1%.

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Saudi Arabia Freight Transport Report Q3 2015

BMI Research
June 17, 2015

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