20 April 2016
On 19 April Saudi Arabia announced it was raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves. The fall in the oil price has already had an impact on education and training budget, which was cut by 11.7% in 2016, yet still accounts for 22% of the government’s budget. What impact has such investment in the education system had on the book market?
The PA with the help of David Perry (formerly of OUP) has compiled a mini market profile on Saudi Arabia to gain some insight on what has been happening in the country’s book market since the last market report in 2006.
PA members and GPI Subscribers are reminded to login with their username and password to view the link below.
PA Mini Market Profile Saudi Arabia 2016