The key demographic trends observed in Saudi Arabia can be a boon and have a positive impact on the economic growth as it would generate opportunities for several sectors/industries. Read this Aranca report to know how demographics is creating opportunities.
The Sustainable Development Goals (SDGs) represent an ambitious global plan that aims to eliminate poverty in its multiple forms and dimensions by 2030 by calling for action, all countries, rich and poor, to promote prosperity while protecting the planet. This paper aims at eradicating poverty through unlocking investment opportunies by effective management and development of the abundance of Natural resoucres in South Sudan. The paper targets the Government and Private sector as important agents for a successful and sustainable transition to a middle income country, with reduced Poverty and improved livelihoods.
Middle East Market - How to do business with ME Portugal B2B
How to business with Middle East ?
How to deal with Arabic CEOs?
How to meet Arabic Man ?
what is Islam ?
What is The Arabic language ?
Arabic Women in business ... is it real ?
The Sustainable Development Goals (SDGs) represent an ambitious global plan that aims to eliminate poverty in its multiple forms and dimensions by 2030 by calling for action, all countries, rich and poor, to promote prosperity while protecting the planet. This paper aims at eradicating poverty through unlocking investment opportunies by effective management and development of the abundance of Natural resoucres in South Sudan. The paper targets the Government and Private sector as important agents for a successful and sustainable transition to a middle income country, with reduced Poverty and improved livelihoods.
Middle East Market - How to do business with ME Portugal B2B
How to business with Middle East ?
How to deal with Arabic CEOs?
How to meet Arabic Man ?
what is Islam ?
What is The Arabic language ?
Arabic Women in business ... is it real ?
Social landscape of Kingdom Saudi Arabia:
Demography, Key Indices, Income Distribution, Education, Healthcare, Culture, Nitaqat, Religion, Culture Tips, Labour, Kafala, Hafiz, Social Welfare, Corporate Social Responsibility (CSR), Outlook
During this week's Invast Insights we cover:
► The impact of Iraq on oil markets
► The depression in mining won’t last forever
► Australian listed energy producer
► S&P500 looks like a good short
GRAB A 4 WEEK INVAST INSIGHTS FREE TRIAL (WEEKLY NEWSLETTER)
http://invast.com.au/insights
CONNECT WITH INVAST TODAY
Facebook ► https://www.facebook.com/invastglobal
Twitter ► http://twitter.com/InvastGlobal
Linkedin ► http://www.linkedin.com/company/invast
Invast ► http://www.invast.com.au
Google+ ► https://plus.google.com/+InvastAu/
A look at Saudi Arabia\'s current political and economic situation and its propensity for revolution.
(Presented on 3/8/2011 at Fuh Hwa Security Investment Trust, Taipei, Taiwan)
This monthly briefing highlights that the world economy is expected to improve in 2014; that unemployment rates remain a major challenge; and downside risks to the baseline scenario persist.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
THE IMPACT OF COVID-19 ON THE JORDANIAN ECONOMY AND ENTERPRISESectijjournal
This study investigates the impact of Covid-19 on Jordan's economic climate as well as Jordanian
enterprises. Starting with observing the procedures taken by the government of Jordan, then a discussion
and overview of the economic effect of the epidemic, and finally a discussion of the impact of COVID-19 on
enterprises in Jordan. The Results of this paper conclude that there is an economic impact of coronavirus
across the whole country. The impact is determined not only by the ramifications of the virus's spread on
the larger economy but also by the form of the government's reaction, which includes mobility restrictions
and other emergency measures, as well as Jordan's main development partners' support and the indirect
impacts caused by companies' responses to problems they have experienced, such as layoffs and wage
reductions to save expenses, when reporting repercussions. The study covers a period of two years from
2019 to 2020.
Etude PwC sur l'économie mondiale en 2050 (fév. 2015)PwC France
http://bit.ly/Worldin2050-CP
PIB en parité de pouvoir d’achat ou PIB aux taux de change du marché : il n’existe pas une seule méthodologie pour mesurer la taille relative des économies à différents stades de leur développement. Selon l’objectif de l’exercice, le PIB mesuré en parité de pouvoir d’achat ou aux taux de change du marché peut s’avérer la mesure la plus adéquate. En général, le PIB en parité de pouvoir d’achat est un meilleur indicateur du niveau de vie ou des volumes d’importations et d’exportations parce qu’il corrige les différences de prix, alors que le PIB aux taux de change du marché est un meilleur indicateur de la taille relative du marché pour les entreprises à un certain moment. Cependant, l’histoire montre que la mesure du PIB à taux de change du marché a tendance, sur le long terme, à rejoindre le niveau du PIB à parité de pouvoir d’achat pour les économies émergentes, à mesure que leur revenu moyen se rapproche de celui des économies matures. Les équations économétriques du modèle de croissance de long terme développé par PwC, qui reflète cette relation historique, forme la base des projections de PIB aux taux de change du marché dans l’étude. Il démontre aussi que les taux de change en parité de pouvoir d’achat restent constants en termes réels sur le long terme. Les projections en termes de taux de change du marché sont sujettes à de fortes marges d’incertitude, c’est pourquoi l’étude se concentre principalement sur les projections de PIB en parité de pouvoir d’achat.
Final project unlocking investment & finance in emerging markets and develo...Damian Attah
Nigeria's GDP has been growing in a slower pace compared to the population growth rate of 2.6%. The year-on-year budget deficit and the slow growth in government revenue has continued to constrain investment in critical social and physical infrastructure that will be needed to be on the path of economic growth. The ineffective fiscal framework and erosion of social trust in government spending has resulted to a tax to GDP ratio of less than 1% compared to the minimum requirement of 15% recommended for an emerging nation like Nigeria. The country's current debt profile of over $73billion and the allocation of 23% of the annual budget to debt servicing makes additional loans quite unsustainable. Funding the critical sectors that will create a transformative growth will require the crowding in of required financing from both the public and private sources and the unlocking of investment opportunities that will attract FDI, ODA and OOF finance. Posing as a government official that is exploring the option of attracting public, private and multilateral funding, the slides seeks to address the following:
(a) What are the estimated financing needs for the country’s development?
(b) Which sources of finance are available to you international and domestically, from both public and private sources?
(c) How will the country access these?
(d) How will you work with multilateral development banks to address barriers to accessing these sources of finance?
Senior living is a burgeoning industry driven by an exploding senior population and demand from an aging demographic with increasing needs for specialized residential requirements. This demand will drive strong growth in the senior living industry over the next several decades. The baby boomers are the largest generation in U.S. history, constituting a sizable demographic wave. With 82.8 million people born between 1946 and 1964, the baby boomers represent over 30% of the U.S. population. There is an estimate of 75 million baby boomers who are on the verge of retirement. For the next twenty years, an average of 10,000 people each day will reach age 65, which has historically been the retirement phase of life (Pew Research: http://pewrsr.ch/T4o2Hs ).
Social landscape of Kingdom Saudi Arabia:
Demography, Key Indices, Income Distribution, Education, Healthcare, Culture, Nitaqat, Religion, Culture Tips, Labour, Kafala, Hafiz, Social Welfare, Corporate Social Responsibility (CSR), Outlook
During this week's Invast Insights we cover:
► The impact of Iraq on oil markets
► The depression in mining won’t last forever
► Australian listed energy producer
► S&P500 looks like a good short
GRAB A 4 WEEK INVAST INSIGHTS FREE TRIAL (WEEKLY NEWSLETTER)
http://invast.com.au/insights
CONNECT WITH INVAST TODAY
Facebook ► https://www.facebook.com/invastglobal
Twitter ► http://twitter.com/InvastGlobal
Linkedin ► http://www.linkedin.com/company/invast
Invast ► http://www.invast.com.au
Google+ ► https://plus.google.com/+InvastAu/
A look at Saudi Arabia\'s current political and economic situation and its propensity for revolution.
(Presented on 3/8/2011 at Fuh Hwa Security Investment Trust, Taipei, Taiwan)
This monthly briefing highlights that the world economy is expected to improve in 2014; that unemployment rates remain a major challenge; and downside risks to the baseline scenario persist.
For more information:
http://www.un.org/en/development/desa/policy/wesp/wesp_mb.shtml
THE IMPACT OF COVID-19 ON THE JORDANIAN ECONOMY AND ENTERPRISESectijjournal
This study investigates the impact of Covid-19 on Jordan's economic climate as well as Jordanian
enterprises. Starting with observing the procedures taken by the government of Jordan, then a discussion
and overview of the economic effect of the epidemic, and finally a discussion of the impact of COVID-19 on
enterprises in Jordan. The Results of this paper conclude that there is an economic impact of coronavirus
across the whole country. The impact is determined not only by the ramifications of the virus's spread on
the larger economy but also by the form of the government's reaction, which includes mobility restrictions
and other emergency measures, as well as Jordan's main development partners' support and the indirect
impacts caused by companies' responses to problems they have experienced, such as layoffs and wage
reductions to save expenses, when reporting repercussions. The study covers a period of two years from
2019 to 2020.
Etude PwC sur l'économie mondiale en 2050 (fév. 2015)PwC France
http://bit.ly/Worldin2050-CP
PIB en parité de pouvoir d’achat ou PIB aux taux de change du marché : il n’existe pas une seule méthodologie pour mesurer la taille relative des économies à différents stades de leur développement. Selon l’objectif de l’exercice, le PIB mesuré en parité de pouvoir d’achat ou aux taux de change du marché peut s’avérer la mesure la plus adéquate. En général, le PIB en parité de pouvoir d’achat est un meilleur indicateur du niveau de vie ou des volumes d’importations et d’exportations parce qu’il corrige les différences de prix, alors que le PIB aux taux de change du marché est un meilleur indicateur de la taille relative du marché pour les entreprises à un certain moment. Cependant, l’histoire montre que la mesure du PIB à taux de change du marché a tendance, sur le long terme, à rejoindre le niveau du PIB à parité de pouvoir d’achat pour les économies émergentes, à mesure que leur revenu moyen se rapproche de celui des économies matures. Les équations économétriques du modèle de croissance de long terme développé par PwC, qui reflète cette relation historique, forme la base des projections de PIB aux taux de change du marché dans l’étude. Il démontre aussi que les taux de change en parité de pouvoir d’achat restent constants en termes réels sur le long terme. Les projections en termes de taux de change du marché sont sujettes à de fortes marges d’incertitude, c’est pourquoi l’étude se concentre principalement sur les projections de PIB en parité de pouvoir d’achat.
Final project unlocking investment & finance in emerging markets and develo...Damian Attah
Nigeria's GDP has been growing in a slower pace compared to the population growth rate of 2.6%. The year-on-year budget deficit and the slow growth in government revenue has continued to constrain investment in critical social and physical infrastructure that will be needed to be on the path of economic growth. The ineffective fiscal framework and erosion of social trust in government spending has resulted to a tax to GDP ratio of less than 1% compared to the minimum requirement of 15% recommended for an emerging nation like Nigeria. The country's current debt profile of over $73billion and the allocation of 23% of the annual budget to debt servicing makes additional loans quite unsustainable. Funding the critical sectors that will create a transformative growth will require the crowding in of required financing from both the public and private sources and the unlocking of investment opportunities that will attract FDI, ODA and OOF finance. Posing as a government official that is exploring the option of attracting public, private and multilateral funding, the slides seeks to address the following:
(a) What are the estimated financing needs for the country’s development?
(b) Which sources of finance are available to you international and domestically, from both public and private sources?
(c) How will the country access these?
(d) How will you work with multilateral development banks to address barriers to accessing these sources of finance?
Senior living is a burgeoning industry driven by an exploding senior population and demand from an aging demographic with increasing needs for specialized residential requirements. This demand will drive strong growth in the senior living industry over the next several decades. The baby boomers are the largest generation in U.S. history, constituting a sizable demographic wave. With 82.8 million people born between 1946 and 1964, the baby boomers represent over 30% of the U.S. population. There is an estimate of 75 million baby boomers who are on the verge of retirement. For the next twenty years, an average of 10,000 people each day will reach age 65, which has historically been the retirement phase of life (Pew Research: http://pewrsr.ch/T4o2Hs ).
Prospect of food and beverage market in saudi arabiaJalal Uddin Arif
Bangladeshi Argo food processor are exporting their product to different countries throughout the world.This report is about the prospect of food and beverage market in Saudi Arabia. Jalal Uddin Arif has prepared this report for Olympic Industries Limited.This report might be used as a reference of initiating marketing campaign in Saudi Arabia. The report also outline some actionable marketing and communication strategy through which Olympic can establish their image and brand over there.
Read the executive summary for Senior Lifestyle Associates, Inc. to gain an in depth look at our goals. If you have any questions contact info@seniorlifestyleassociates.com.
Datos de La población mundial 2018. (Population Reference Bureau) 2018 world-...Juan Martín Martín
Datos de la Población Mundial en 2018 (en inglés). Datos de todos los países del Mundo. gráficos, pirámides de población, natalidad, mortalidad, fecundidad, esperanza de vida, maternidad, envejecimiento, previsiones mundiales, etc.
Investing in the_saudi_arabian_healthcare_sector_finalJamilah AlQahtani
Over the coming years, Saudi Arabia is likely to experience
a sharp increase in its healthcare needs. Most observers
believe that population growth, a slowly aging society, and
the conditions that affluence often exacerbates, such as obesity,
diabetes, and cardiovascular diseases, as well as cancer, will
create a tremendous new demand for healthcare services
Aranca has compiled a special report on Saudi Arabia’s journey till 2025, highlighting the Kingdom’s economic potential, its influence on the region’s economy and opportunities available. Check out the report here!
Saudi Arabia on the Move - An Aranca Special Report 2013Srinivas Macha
The Kingdom of Saudi Arabia (KSA), a completely oil-dependent economy until a few decades ago,
has now transformed into one of the most vibrant economies in the Middle East. Today, the country has
a diversified economic structure, strong international trade links, a stable political environment, strong
fiscal surplus and a vibrant financial services sector. Saudi Arabia’s increasing contribution to the global
economy has earned it a permanent seat at the G-20 -- the only OPEC member to get the honour. As the
exclusive knowledge partner for The Euromoney Saudi Arabia Conference 2013, Aranca has compiled
a special report on Saudi Arabia’s journey till 2025, highlighting the Kingdom’s economic potential,
its influence on the region’s economy and opportunities available. Given Saudi Arabia’s tremendous
potential as an attractive investment destination, we foresee opportunities in the financial sector as
the Kingdom looks to fund its growth plans. We also delve into the challenges around fully exploiting
demographic dividends, reducing reliance on public funding, attracting foreign investors, and reforming
capital markets and financial institutions
Mercer Capital's Value Focus: Laboratory Services | Mid-Year 2016Mercer Capital
Mercer Capital's Laboratory Services Industry newsletter provides perspective on valuation issues. Each newsletter also includes macroeconomic trends, industry trends, and guideline public company metrics.
GROWTH RATE & ESTIMATED POPULATION INDUSTRIALIZATION/URBANIZTIONKanav Bhanot
A BRIEF PRESENTATION ON GROWTH RATE & ESTIMATED POPULATION INDUSTRIALIZATION/URBANIZTION
NOTE- FONTS MAY APPEAR WEIRD BCOZ THE FONTS I USED DO NOT APPEAR IN THIS PPT.
Changing demographics and economic growth bloomDESMOND YUEN
Demography is destiny” is an oft-cited phrase that suggests the size, growth, and structure of a nation’s population deter mines its long-term social, economic, andpolitical fabric. The phrase highlights the role of
demographics in shaping many complex challenges
and opportunities societies face, including several
pertinent to economic growth and development.
Nevertheless, it is an overstatement to say that
demography determines all, as it downplays the
fact that both demographic trajectories and their
development implications are responsive to economic
incentives; to policy and institutional reforms; and to
changes in technology, cultural norms, and behavior.
The world is undergoing a major demographic
upheaval with three key components: population
growth, changes in fertility and mortality, and
associated changes in population age structure.
Population 2020 - Demographics can be a potent driver of the pace and process...DESMOND YUEN
“Demography is destiny” is an oft-cited phrase that suggests the size, growth, and structure of a nation’s population determines its long-term social, economic, and political fabric. The phrase highlights the role of demographics in shaping many complex challenges and opportunities societies face, including several pertinent to economic growth and development.
Nevertheless, it is an overstatement to say that demography determines all, as it downplays the fact that both demographic trajectories and their development implications are responsive to economic incentives; to policy and institutional reforms; and to changes in technology, cultural norms, and behavior.
The world is undergoing a major demographic upheaval with three key components: population growth, changes in fertility and mortality, and associated changes in population age structure.
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The French Animal Healthcare Market is on the upswing boosted by growing disposable income, a rising number of pets, growing animal healthcare awareness, etc.Get detailed Business Analysis Infographic from Aranca.
Owing to IoT and increased customer preference for wearable gadgets, the Global Wearable Devices Market is expected to grow at a 21% CAGR during 2015-18. Get detailed market infographics on wearable devices market here.
The global market potential for Commercial Drones could be worth 2.1 billion USD by 2022. Know details on the future of Commercial Drone from Aranca's Market Research Experts.
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With the increased adoption of Cryogenic Equipment, a growth of 8% CAGR in the Global Cryogenic Equipment Market is anticipated. Read on to know details from Aranca's Business Research Experts.
With increase in urban population & investment in infrastructure sector, China's elevator & escalator market is expected to grow at a CAGR of 14%. Read on to know detailed forecast from Aranca's Business Research Experts.
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Consumer preference for Fast Moving Consumer Goods based on quality and affordability, in the high inflationary markets led to the emergence of private labels across geographies such as Europe, China, India, and the Americas.
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how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Demographics in Saudi Arabia: New Age Of Opportunities - An Aranca Report
1. Demographic Trends in Saudi Arabia
www.aranca.com
1
Demographic Trends in Saudi Arabia
New Age Of Opportunities
Thematic Report by
Ujjal Deb Roy, Senior Research Analyst, Investment Research
www.aranca.com
2. Demographic Trends in Saudi Arabia
www.aranca.com
2
Although the economic performance of Saudi Arabia and other GCC countries is highly correlated
with oil fundamentals, we have made an attempt to analyze the socioeconomic demand drivers
that are likely to change Saudi Arabia’s economic landscape. We have assessed the demographic
trends in Saudi Arabia and their underlying impact on long-term fundamental demand drivers. Saudi
Arabia is the most populated country in the GCC region; its population was ~29mn in 2013.
An analysis of the UN’s population data for Saudi Arabia for 1950–2050 shows that rapid urbani-
zation, increasing proportion of the earning and consuming population, rising working population
vis-a-vis simultaneous rise in older population, and growing importance of the migrant population
are the key demographic trends.
We expect these trends to positively impact sectors such as healthcare, education, packaged foods,
and insurance/wealth management.
3. Demographic Trends in Saudi Arabia
www.aranca.com
3
Sustainable economic development of any country is highly correlated with its demographic composition. While it is believed
that population growth is a key hindrance to economic development, a low population growth rate cannot be necessarily
considered as a pro-growth phenomenon. In addition to the population growth rate, population composition plays a crucial
role in a country’s economic development. Supported by the one-child policy, China exhibited supernormal economic growth
for more than three decades. On the other hand, Japan adopted a similar policy (voluntarily) before China, but it continues
to struggle in terms of low economic growth. Some developed countries are facing challenges from an aging population,
and overcoming these challenges wouldinvolve social and economic costs.
Saudi Arabia may face challenges from its growing elderly population but simultaneously benefit from the increasing consumer population.
The population aging phenomenon in Saudi Arabia can be attributed to primarily two factors: decline in the average number of births per
women since the early 1980s and increase in life expectancy. The average number of births per women in Saudi Arabia declined from
nearly seven in 1950 to around three in 2010. According to the UN, this number would reach 1.7 by 2050. In 1950, life expectancy was
about 42 years; however, as a result of advancements in fields such as healthcare and technology, life expectancy increased to 74 years
by 2010, and it is predicted to reach 82 years by 2050. This has reduced the gap between the birth and death rates.
Ageing population caused
by an increase in average
births per women and an
increase in life expectancy.
Fig 1. Substantial reduction in avg births per women Fig 2. Narrowing gap between death rate and birth rate
Source: United Nations, Aranca research
Changing Demographics To
Benefit Saudi Arabia’s Economic Growth
0
2
4
6
8
10
1950-55
1960-65
1970-75
1980-85
1990-95
2000-05
2010-15
2020-25
2030-35
2040-45
Avg births per women
0
12
24
36
48
60
1960
1964
1968
1972
1976
1980
1984
1988
1992
1996
2000
2004
2008
2012
Death rate per 1000 Birth rate per 1000
4. Demographic Trends in Saudi Arabia
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4
After analyzing the demographic trends in Saudi Arabia and their effects on the broader economy, we have identified the sectors (like healthcare,
education, insurance/wealth management, packaged foods and housing) that would benefit from demographic changes.
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MIGRATION
Demand for international migrants would stimulate growth in lifestyle products, leading to the entry
of foreign brands in the Saudi market as well as increased consumption of lifestyle/luxury products.
RISING WORKING-AGE AND EARNING POPULATIONS
Saudi Arabia’s working-age population (age group 15–59) is expected to increase in the coming
years, thereby improving the country’s productivity. Simultaneously, a surge in the earning population
(25–59) would support savings and investment growth in the economy.
RISING CONSUMPTION
Despite an aging population, consumption growth is expected to remain buoyant due to an increase
in the consuming population.
URBANIZATION
Rapid urbanization is expected to create immediate growth opportunities in the Kingdom with regard
to sustainable housing and utilities infrastructure.
5. Demographic Trends in Saudi Arabia
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5
Socio-economic Overview
*Crude death rate indicates the number of deaths occurring during the year, per 1,000 population estimated at midyear.
**Crude birth rate indicates the number of live births occurring during the year, per 1,000 population estimated at midyear.
GDP per Capita
USD 25,409
GDP in Billion
USD 746.25
Growing at an average of
5.3% in the last 5 years
Healthcare (2014)
POPULATION DATA (2013)
Total Population 28.8 mn
Male/Female population (2014 Est.) 1.2
Births/Women 2.6
Death Rate/1,000* 3.2
Birth Rate/1000** 19.4
Education
Top Five Trends
Urbanization
1950
0.3X
2010 2035
6.1X
2050
7.9X4.6X
USD 808
Health expenditure/capita
USD 1,280
GCC average
USD 57.90
Education Budget (2015)
in US$ billion
25%
% of total expenses
(budget)
GCC average
41,863
Per 10,000 Population (2013)
Physician Hospital beds Hospitals
21.6 0.0926.8
Urbanization Migrant population
Earning population
Working population
Consuming population
Ratio of urban to rural population
6. Demographic Trends in Saudi Arabia
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6
Saudi Arabia witnessed significant urbanization during 1950–2010. In 2010, more than 60% of the country’s population was
concentrated in four cities: Riyadh, Makkah, Medina and Al-Qasim. Furthermore, the urban-rural population ratio increased
from 0.3x in 1950 to 4.6x in 2010. According to the UN, this ratio would increase to more than 6.1x by 2035 and to about
7.9x by 2050. Rapid urbanization is expected to add c.7mn to the urban population by 2025.
Rapid urbanization is likely to generate significant opportunities in housing and infrastructure. Furthermore, we expect rapid
urbanization to result in a greater focus on the development of sustainable housing.
Urban-rural population
ratio to reach 7.9x in 2050 vs
4.6x in 2010.
Fig 3. Rising urbanization Fig 4. Growth in infrastructure spending after 2000
Source: United Nations, SAMA, Aranca research
Urbanization To Create Opportunities
0
4,000
8,000
12,000
16,000
20,000
1981
1983
1985
1988
1990/91
1993
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
Spending in Infrastructure development
0.0x
2.0x
4.0x
6.0x
8.0x
10.0x
0%
20%
40%
60%
80%
100%
1950
1960
1970
1980
1990
2000
2010
2020
2030
2040
2050
Urban-to-RuralPopulation
Earningpopulaition%oftotal
Urbanization (%) (LHS)
Ration of urban to rural population (RHS)
7. Demographic Trends in Saudi Arabia
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7
In Saudi Arabia, home ownership by the resident population currently stands at 30%, which is substantially below the
world average of 70%. Urbanization would boost the demand for housing, particularly affordable housing. In line with this,
Saudi Arabia’s government has announced various measures, such as big-ticket investments in housing projects (500,000
affordable housing units at an investment of SAR 250bn over the next few years), to help a wider population purchase
affordable housing units.
Housing demand to
remain strong.
The SAR 40bn recapitalization of the Real Estate Development Fund is expected to increase housing mortgage penetration
in the Kingdom. In terms of private financing, a mortgage law implemented in 2013 has benefited the mortgage market.
While near-term challenges such as high costs of land bank and low penetration of housing mortgages could hamper the
housing segment, government incentives (such as affordable housing projects) are likely to help urbanization.
Government focus to
benefit housing sector.
8. Demographic Trends in Saudi Arabia
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8
Surge In Consuming Population
According to the UN, c.72% of the Saudi population is expected to be in the 15–64 age group by 2025, compared with
66% in 2010. We understand that this segment of the population drives consumption, which coincides with the strong
consumption trends observed in the economy. A broader analysis of the projected population trends in Saudi Arabia for
1950–2050 indicates that the proportion of consumer population would continue to grow before peaking at c.74% by
2030–35. The addition of c.8mn individuals to the consuming population over 2010–30 would act as a significant tailwind
for consumption-driven sectors.
Consumer population to
increase by c.8mn over
2010–30.
We believe that categorizing the consumer population under different age groups would lead to a better understanding of
the various consumption patterns. Thus, we have divided this population segment into high-consuming (20–39), moderate-
consuming (15–19) and 40–54), and low-consuming (55–64) groups. Our analysis shows that the increase in the consuming
population is being largely driven by the low- and moderate-consuming groups. Meanwhile, the high-consuming group has
almost peaked out and would not contribute significantly to the overall growth in the consuming population during 2010–30.
Nonetheless, Saudi Arabia's low- and moderate-consuming segments are together expected to increase by ~7mn by 2030,
while the high-consuming population is likely to add only ~1mn during this period.
Low and moderate-consuming
population to grow higher than
high- consuming population.
Fig 5. Increasing consuming population Fig 6. Rising retail and wholesale contribution to GDP
Source: United Nations, SAMA, Aranca research
0%
16%
32%
48%
64%
80%
1950
1960
1970
1980
1990
2000
2010
2020
2030
2040
2050
High Consuming (20-39)
Moderate Consuming (15-19, 40-54)
Low Consuming (55-64)
Consuming (15-64)
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
0
60000
120000
180000
240000
300000
1970
1976
1982
1988
1994
2000
2006
2012
Wholesale & Retail Trade (SAR Mn)
% of GDP contribution by retail (RHS)
9. Demographic Trends in Saudi Arabia
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9
Retail and wholesale contribution to the GDP has been rising rapidly since 2000, increasing from 6.3% in 2005 to 8.6% in
2012. This coincides with the continued rise in the consumer population. We believe the increasing proportion of low and
moderate-consuming groups would lay higher focus on consumption associated with an aging and adolescent population,
thus providing strong growth potential for sectors such as packaged foods, healthcare, quick service restaurants, and
education (especially higher education).
Focus on consumption
associated with aging and
adolescent population.
10. Demographic Trends in Saudi Arabia
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10
Rising Older Population And Simultaneous
Rise In Working Population
A low birth rate, coupled with high life expectancy, is likely to drive growth in Saudi Arabia’s older population (above the age
of 65). According to UN data, this population group is expected to increase from 3% in 2010 to 10% by 2035. Meanwhile,
the old-age dependency ratio (ratio of population aged 65+ per 100 population 15–64) is expected to increase from 4.5
to 12.8 during this period. Growth in the elderly population would lead to higher healthcare spending in Saudi Arabia. The
government’s healthcare spending has been increasing since 2004; this trend is expected to align with the rise in the older
population.
Geriatric population to grow; however,
economic productivity to remain stable
due to increase in actual productive
population (15-59).
Fig 7. Rising elderly and working-age population Fig 8. Continued rise in public healthcare spending (SAR Mn)
Source: United Nations, SAMA, Aranca research
0%
12%
24%
36%
48%
60% 1950
1960
1970
1980
1990
2000
2010
2020
2030
2040
2050
Non-productive (0-14, 60+)
Aging population (65+)
Non-productive (0-14)
0
20,000
40,000
60,000
80,000
1,00,000
1981
1984
1988
1992
1995
1998
2001
2004
2007
2010
2013
Spending in helath and social development
11. Demographic Trends in Saudi Arabia
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11
While healthcare prospects in the country appear robust
due to the rising elderly population, productivity is not
expected to decline significantly due to a simultaneous rise
in the working-age population. We have tried to look at
the working-age population by analyzing the decline in the
nonproductive population (age groups of 0–14 and 60+).
The nonproductive population is expected to decline
from 35% in 2010 to 31% in 2035. This decline would
be primarily driven by a significant reduction in the 0–14
age group (31% in 2010 vs. 16% in 2035), attributable to
lower average births per women. Thus, real productive
population (difference of total and non-productive) would
increase.
Fig 9. Stable labor productivity
Source: The Conference Board, Aranca research
Labor productivity in Saudi Arabia stood at USD 57,000–62,000 during 2002–14. We expect productivity to remain largely
stable in the near to medium term, mainly due to a gradual increase in the working-age (productive) population (age group
15–60). Hence, over the next couple of decades, any increase in the older population would not harm the economy's overall
productivity. This would be a key tailwind to consumption- and investment-driven economic trends.
The nonproductive population is
expected to decline from 35% in 2010
to 31% in 2035.
0
30,000
60,000
90,000
1,20,000
1,50,000
1960
1966
1972
1978
1984
1990
1996
2002
2008
2014
Labor productivity per person (in USD)
12. Demographic Trends in Saudi Arabia
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12
Growth In Earning Population To
Support Savings And Investments
UN data shows the earning population (25–59) is expected to grow to 56% of the overall population in 2035 from 48% in
2010, indicating an incremental addition of 6.8mn people to the earning age group (25–59) in the next two decades.
However, since Saudi Arabia's earning population is largely skewed toward males the gender composition is likely to play a
key role in the growth of the earning population. An increase in the male population due to improvements in the male/female
ratio (male/female ratio at 1.3x in the last 10 years) and a gradual rise in the number of educated women (part of which would
eventually be added to the earning population) would support growth in the earning population. Thus, we believe that an
increase in the earning population would lead to higher savings and investments, benefiting the country’s overall economic
growth. We expect banks catering to private clients’ wealth management, and retail deposits to benefit from this trend.
Growth in earning population driven
by growth in the age group of
25 – 59, increasing male/female ratio
and addition of working women.
Fig 10. Incremental addition of c.6.8mn people to the
earning age group of 25–59 over 2010–35.
Fig 11. Rising male/female ratio
Source: United Nations, SAMA, Aranca research
0%
10%
20%
30%
40%
50%
60%
0
5
10
15
20
25
1950
1960
1970
1980
1990
2000
2010
2020
2030
2040
2050
InMillions
Actual Earning population(25-59)
Earning population proportion (25-59) (RHS)
1.0x
1.1x
1.2x
1.3x
1.4x
1.5x
1.6x
1980
1990
2000
2010
2020
2030
2040
2050
13. Demographic Trends in Saudi Arabia
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13
Saudi Arabia’s gross savings as a percentage of the GDP increased from 11% in 1991 to 44% in 2013. Increased savings
have cushioned the country against recessionary shocks from low oil prices for a long period of time. We believe that further
growth in the earning population would boost savings in the economy
Fig 12. Gross savings has grown steadily since 1992
Source: World Bank, Aranca research
0%
12%
24%
36%
48%
60%
0
4,800
9,600
14,400
19,200
24,000
1980
1986
1992
1998
2004
2010
GDP per capita LHS Gross savings (% of GDP)
Increased savings have cushioned the
country against recessionary shocks.
14. Demographic Trends in Saudi Arabia
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14
International Migration To
Further Support Consumption Growth
International migration is a structural feature of GCC economies. The proportion of the non-Saudi population has increased
consistently, averaging 30% during 2004–14. Saudi Arabia is the fourth-largest country in terms of international migration.
The bulk of this migration occurs from Asian countries. The country’s rising migrant population is expected to support
consumption growth. Additionally, a higher disposable income from the migrant population would lead to growth in lifestyle
products and entry of foreign brands (both normal and luxury) in the Saudi market.
Fig 13. International migration on an uptrend Fig 14. Non-Saudis serve the private sector
Source: United Nations, SAMA, Aranca research Source: Ministry of Labor, Aranca Research
A higher disposable income from the
migrant population would lead to
growth in lifestyle products and entry
of foreign brands.
25%
27%
29%
31%
33%
35%
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Non-Saudi proportion of total population
Average
Saudis,
13%
Non-
Saudis,
87%
15. Demographic Trends in Saudi Arabia
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15
Sectors Expected To Benefit
From Changing Demographics
Healthcare to benefit from rising government expenditure
Growth in the elderly population is likely to fuel demand for healthcare facilities in Saudi Arabia, as evident from the government’s
emphasis on investments in the sector. According to the UN data, the elderly population is expected to increase from 3% in
2010 to 10% in 2035. Furthermore, government spending on healthcare is expected to increase at a CAGR of 6.2% during
2014–18 to USD 48.3bn.
In 2012, the government accounted for 65.8% of the overall healthcare spending. To meet the rising demand for healthcare,
the Saudi government allocated USD 28.8bn for health and social welfare in 2014, which includes funding for 11 new
hospitals, 11 medical centers, and two medical complexes, in addition to 132 hospitals and healthcare centers under
construction. Furthermore, the Ministry of Health plans to increase hospital capacity from 38,000 beds to 68,000 beds over
the next five years.
While the government provides the majority of the existing healthcare facilities, there exists a sizable opportunity for private
players due to the demand for high-quality healthcare from an increasingly urbanized population. Additionally, the government
is promoting private healthcare through higher loan limits for building private hospitals, and support for public-private
partnerships.
Government policies to
support private healthcare.
Fig 15. Private hospitals driving addition to hospital beds
(Per 1,000)
Fig 16. Rising per capita healthcare spending (USD)
Source: United Nations, SAMA, Aranca research
3
3.4
3.8
4.2
4.6
5
15.0
16.0
17.0
18.0
19.0
20.0
2007
2008
2009
2010
2011
2012
2013
Hospital Beds (Gov) Hospital Beds (Pri) (RHS)
0
200
400
600
800
1,000
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
Healthcare spending per capita
16. Demographic Trends in Saudi Arabia
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16
Sectors Expected To Benefit
From Changing Demographics
Insurance/Wealth management to get support from changing demographics
In light of the ongoing growth in the older population in Saudi Arabia, we believe that insurance, particularly healthcare
insurance, would gain more traction in the coming years. As per Moody’s, medical and healthcare dominate the insurance
market in the Kingdom. Saudi Arabia’s gross insurance premiums are expected to reach USD 21.1bn in 2015, increasing
at CAGR of 27% from 2007. We believe there is a scalable opportunity available in the Kingdom, as the level of insurance
penetration in the country is currently 1.1%, significantly below the levels in most advanced economies. Consequently,
insurance industry in Saudi Arabia is well positioned to benefit from strong demographic trends (aging population) and
regulations such as mandatory health coverage for all expatriates and Saudi nationals working for private companies.
A growing working-age population with rising income levels would boost savings, thereby benefiting wealth management
firms.
Ageing population and low
insurance penetration to help
Insurance industry.
Fig 17. Consistent rise in health insurance premiums
Source: SAMA, Colliers International, Aranca research
3.1
4.8
7.3
8.7
10.3
12.2
14.5
17.4
21.1
0
6
12
18
24
30
2007 2008 2009 2010 2011 2012 2013 2014 2015
Health Insurance Gross Written Premium (SAR Bn)
CAGR 2007-2015: 27%
17. Demographic Trends in Saudi Arabia
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17
Sectors Expected To Benefit
From Changing Demographics
Education to benefit from rising government expenditure
Saudi Arabia’s education market is estimated at USD 44.1bn (public USD 41.9bn and private USD 2.2bn), which accounts
for 73% of the GCC education market (c.USD 60.5bn). The education sector in Saudi Arabia is expected to benefit from
increased government spending and rising student population. Saudi Arabia is expected to lead the GCC region with the
addition of 306,550 to the student population during 2010–15, compared with 64,923 for the UAE and 33,287 for Kuwait.
In Saudi Arabia, private gross enrollments increased at a CAGR of 4.7% to 0.9mn over 2007–13, while public enrollments
increased at a CAGR of 2.6%. We believe the strong growth in private enrollments can be attributed to increasing private
investments for constructing new schools and institutions with modern facilities, growing migrant population, rising income
levels, and favorable changes in the perception toward private education. These favorable drivers pose a great potential for
companies offering private education in Saudi Arabia.
Opportunity in private
education space.
Fig 18. 9.7% CAGR increase in budget allocation for education during 2011-15
Source: Ministry of Finance, Aranca research
150.0
168.6
204.0 210.0 217.0
0.0
70.0
140.0
210.0
280.0
350.0
2011 2012 2013 2014 2015
Budget allocation for Education (SAR Bn)
CAGR 2011-2015: 9.7%
18. Demographic Trends in Saudi Arabia
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18
Packaged foods
In Saudi Arabia, packaged foods accounted for retail sales of USD 18.4bn in 2013, the second largest in the MENA region,
followed by Iran. Retails sales are expected to reach USD 30.6bn during 2014–18 (CAGR of 10.5%). A high tourist inflow,
significant migration of the expatriate population (non-Saudi), and a gradual increase in dietary awareness among the Saudi
population are some key factors supporting the packaged foods industry in the Kingdom. Among the sub-segments in
the industry, baby food, confectionary, and dairy are expected to outpace other segments. We believe that the companies
offering these products are well positioned to capitalize on the growth opportunities in the packaged foods segment.
Robust tourist inflow, migrant
population and dietary
consciousness to support packaged
foods industry.
Fig 19. Sub segments of packaged foods industry
Source: Euromonitor International, Aranca research
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
0
2
4
6
8
10
Bakery Dairy Confectionery Dried Processed Oils & Fats Baby Food
USDMn
Retail sales value (2018 ) (LHS) CAGR (2013-2018) (RHS)
Sectors Expected To Benefit
From Changing Demographics
19. Demographic Trends in Saudi Arabia 19
Saudi Arabia is expected to witness demographic changes over the next couple of decades, resulting in multiple challenges. However, these
changes could generate opportunities for several sectors/industries. The country’s rising elderly population is expected to exert pressure on the
government’s healthcare spending. At the same time, the rising earning and consuming population groups are likely to drive growth in consumption,
savings, and investments. After analyzing the demographic trends for different population subsets, we believe that sectors such as healthcare,
education, insurance, wealth management, and packaged foods would be the key beneficiaries of emerging demographic trends in Saudi Arabia.
20. 20
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Demographic Trends in Saudi Arabia