extent and degree of innovation involved in offshoot industries at this
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we have seen US$17.1bn in gross and net supply from
this could be a seminal event and mark the first time for the Saudi
timely and credible medium-term fiscal policy to
relative credit metrics and likely larger planned
and see oil prices of US$55-75/bbl over 2016-2020.
and we believe it intends to at least increase its
which is due to come online in 2016 and ramp up to 2.5 bcf/d by
develop local industrial capabilities and create jobs
we continue to prefer the consumer staples and the
BofA Merrill Lynch Global Research.*Market cap as % of MSCI EM represents and artificially constructed benchmark weight
ultimately driving earnings momentum and a market
Saudi would be 2.8% of the MSCI and could
(2) Saudi Arabia (according to local press and the
as well as increasing network density in developed and urban areas.