KSA population is 30.8m; 33% expats

Updated 31 January 2015
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KSA population is 30.8m; 33% expats

Saudi Arabia’s population stood at 30.8 million at the end of 2014, a 2.6 percent rise from 2013, according to data released by the Kingdom’s Central Department of Statistics and Information (CDSI).
There were 20.7 million Saudis, making up 67 percent of the population, while the number of foreigners stood at 10.1 million or 33 percent, according to an analysis conducted by the economics reporting unit of Al-Eqtisadiah newspaper.
The population had grown by 2.7 percent from 2012 to 2013, amounting to 29.2 million people. This consisted of 20.3 million Saudis and 9.7 million foreigners.
The CDSI said that the country’s Gross Domestic Product (GDP) stood at SR2.82 trillion at the end of 2014, while per capita GDP was SR91,700.
Per capita GDP had grown by 9 percent over the past 11 years, an annual increase of SR4,900.
The highest per capita GDP growth was between 2004 and 2005, when it grew by 23 percent, or from SR43,000 to SR52,800.
According to the analysis, per capita GDP dropped 19 percent between 2008 and 2009, from SR87,600 to SR63,400, as a result of the global financial crisis.
Al-Eqtisadiah had estimated that the Kingdom’s population would reach 37.2 million by the year 2020 based on the average annual growth rate over the past nine years.


Saudi defense partnerships signed at Paris Air Show

Updated 20 June 2019
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Saudi defense partnerships signed at Paris Air Show

PARIS: Saudi defense chiefs signed a number of strategic partnerships with major global companies while taking part in the prestigious Paris Air Show.
The pavilion of the Saudi Arabian Military Industries (SAMI) company received a succession of key aerospace-industry figures during the Kingdom’s first exhibition appearance at the world’s largest aviation event.
High-profile visitors welcomed by SAMI chief executive offer, Andreas Schwer, included chairman of the SAMI board of directors, Ahmad Al-Khatib, deputy chairman of the SAMI board of directors and chairman of the board of directors of the Local Content and Government Procurement Commission, Dr. Ghassan Al-Shibl, and president of the General Authority for Civil Aviation, Abdulhadi bin Ahmed Al-Mansouri.
The pavilion also received a senior delegation from the Saudi Presidency of State Security, along with the director general of Saudi Arabian Airlines, Saleh bin Nasser Al-Jasser.
During the second day of the air show, which runs until June 23 at Le Bourget airport in Paris, SAMI officials took part in meetings and signed strategic partnerships with global businesses involved in the four areas of the company’s work, namely air and ground systems, weapons, missiles and defense electronics.
At a signing ceremony in the SAMI pavilion, company chiefs also put pen to paper on a joint project agreement with US aerospace and defense company L3 Technologies for cooperation in the field of electro-optical and infra-red technology and special task systems inside Saudi Arabia. In February, the two sides signed a memorandum of understanding establishing the joint project.