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Saudi Arabia Freight Transport and Shipping Report Q2 2016

Saudi Arabia Freight Transport and Shipping Report Q2 2016

BMI View: We expect growth across all freight modes in 2016, with rail driven by the completion of largeprojects and outperforming. Road freight will lose market share over rail, however it will remain thedominant mode. Throughput volumes at Saudi Arabia's main ports will also increase, supported bysubstantial fuel exports and manufactured goods imports. Low oil prices poses a serious challenge to thecountry's economy, justifying our forecasts for restrained growth in freight and shipping for 2016; althoughthis will steadily improve over the medium term. The new oil price environment has decreased GDP growthrates and presents the risk of lowering domestic consumption and consequently imports. On the other handhowever, anticipated import growth for Saudi Arabia's main trade partners will maintain trade volumes.

Key Updates And Forecasts

Saudi Arabia faces increased competition following the re-emergence of Iran in the oil market, withinternational sanctions on the oil producing country recently lifted. China is a likely destination of Iranianoil, expected to replace shipments from producers such as Saudi Arabia.

The tendering process for the railway project to connect Abu Dhabi's Western Region with Abu Dhabi,Dubai and the Saudi Arabian and Omani borders was suspended in January 2016, a consequence ofspending cuts due to low oil prices.

The General Authority of Civil Aviation (GACA) has initiated the privatisation of Saudi Arabian airportswith the King Khaled International Airport in Riyadh first in line. King Abdulaziz International Airportin Jeddah and King Fahd International Airport in Dammam are planned to be privatised in 2017 in anattempt to support state finances.


BMI Industry View
Table: Trade Overview (Saudi Arabia 2013-2020)
SWOT
Freight Transport & Shipping
Industry Forecast
Trade Forecast
Table: Trade Overview (Saudi Arabia 2013-2020)
Table: Key Trade Indicators (Saudi Arabia 2013-2020)
Table: Main Import Partners
Table: Main Export Partners
Road Freight Forecast
Table: Road Freight (Saudi Arabia 2013-2020)
Rail Freight Forecast
Table: Rail Freight (Saudi Arabia 2013-2020)
Air Freight Forecast
Table: Air Freight (Saudi Arabia 2013-2020)
Shipping Forecast
Table: Major Ports Data (Saudi Arabia 2013-2020)
Market Overview
Company Profile
Saudi Airlines Cargo (Saudia)
Demographic Forecast
Demographic Outlook
Table: Population Headline Indicators (Saudi Arabia 1990-2025)
Table: Key Population Ratios (Saudi Arabia 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Saudi Arabia 1990-2025)
Table: Population By Age Group (Saudi Arabia 1990-2025)
Table: Population By Age Group % (Saudi Arabia 1990-2025)
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Sources

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