Asia is a global economic powerhouse, and a key market for Aramco across the full spectrum of the Company’s activities.
Home to 4.7 billion people – 61 percent of the world’s population – the continent’s communities vary greatly in their features, and their needs.
With approximately 1.4 billion people apiece, China and India have diverse, fast-expanding economies, led by their scientific and technological prowess. Highly developed neighbors such as Japan and South Korea are also centers of manufacturing, while a slew of emerging states, including Vietnam, Indonesia and Bangladesh, are following the path of former ‘tiger economies’ like Malaysia and Singapore.
Asia’s leading economies have resumed their dynamic growth. Overall, the region’s gross domestic product (GDP) is expected to surge by 8.6 percent this year, and economic growth in the region is expected to continue to outpace the global average, according to the International Monetary Fund.