AMAD SHIPPINGAMAD SHIPPINGOil Expansions

And Business Opportunity For Entry In Shipping

Saudi Arabia is the biggest exporter of oil and petrochemical in the world.

Saudi Arabia total tanker fleet dwt as of

March 2010, is 12.5 million dwt.

Saudi Arabia total tanker fleet dwt as of March 2010, represents 3% of global fleet.

Source: Drewry

Forecasted refinery Forecasted refinery production for Saudi Arabia production for Saudi Arabia

0

0.5

1

1.5

2

2.5

3

3.5

4

2008 2009 2010 2011 2012 2013 2014

Liquid chemical production Liquid chemical production forecast for Saudi Arabiaforecast for Saudi Arabia

0

5,000

10,000

15,000

20,000

25,000

30,000

2008 2009 2010 2011 2012 2013

Ethylene expansions 2008 - 2013Ethylene expansions 2008 - 2013

Tanker Trade 2005 - 2014Tanker Trade 2005 - 2014

Tanker Utilization (%)Tanker Utilization (%)

Investing In ShippingInvesting In ShippingFinancial ReasonsFinancial Reasons::-Shipbuilding prices at their 15 years low-Shipbuilding prices at their 15 years low-High capital growth-High capital growth-High future demand -High future demand

Strategic ReasonStrategic Reason::-Support the National Security-Support the National Security-Maintain the competitiveness of exports -Maintain the competitiveness of exports -Support the GDP and the balance of trade-Support the GDP and the balance of trade

RecommendationRecommendation

--Create a financial Channel to finance the shipping sector like SIDF or add shipping finance to the mandate of the fund .

-Increase and improve the shipping subsidies

-Activate the government instruction to give preference to the national fleet .