Saudi Arabia Capex Super-Cycle: Diversifying, Decarbonizing, Digitalizing
Published on29 SEP 2023
Topic:
Goldman Sachs Research analysts introduce their GCC Capex Wave Series, where they map out the region’s investments across sectors. They start with Saudi Arabia, the GCC’s largest economy. Led by ambitious targets and extensive investment plans, the country is undertaking economic diversification with a holistic transformation approach, underpinned by digital transformation, various development plans across sectors, exploration efforts, and decarbonization/net zero targets. Within six strategic sectors, GS Research analysts see scope for nearly US$1 trillion in preliminary investments through the end of the decade with more programs likely to be announced as Saudi pushes ahead with mega-projects and smart cities.
Goldman Sachs Research