IslamicFinance.de

Saudi Arabia has the largest population, GDP and oil reserves in the GCC region and is strategically and militarily important on both a regional and global scale. Despite all this, unlike its neighbors the UAE or Bahrain, Saudi Arabia is not a culturally or economically-welcoming place for international business and as such much of Saudi Arabia’s non-oil related business is an internal market.
The country has given birth to some monumental Sukuk over the last few years, like the 20-year $2.1bn Saudi Basic Industries Corporation issue of 2007.
Most of the Sukuk issued have been for internal consumption.