Middle East Economic Survey

VOL. XLVIII

No 5

31-January-2005

SAUDI ARABIA

Saudi Arabias Trade With China Takes Off

Saudi Arabias trade with China has taken off since 2000 and is forecast to continue to grow strongly, according to forecasts by Samba. Its new year economic report The Saudi Economy: 2004 Performance, 2005 Forecast says that Chinas growing appetite for oil has been behind the sharp rise in Saudi exports to China, making it the fifth largest importer of Saudi oil after the US, Japan,...