Saudi Arabia will be a key driver of global trade growth with its exports projected to expand at an average annual rate of more than 7 per cent to $354 billion by 2030 as the country diversifies its economy away from oil, Standard Chartered said in a report on Tuesday.  Metals and minerals, plastic and rubber, chemicals and pharmaceuticals will dominate the kingdom's exports over the next decade, with India, China and South Korea being the principal export markets, Standard Chartered said.

Saudi Arabia, the Arab world’s largest economy, is focused on diversifying its economy away from oil as part of its Vision 2030 programme. The kingdom is developing projects across sectors including real estate, petrochemicals, transport and hospitality to attract investment and boost employment.

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