| From Arabnews.com: NCB Capital, described as Saudi Arabia’s largest investment bank, believes that demand for commodities is growing due to a commodity ‘super-cycle’ driven by rapid industrialization and increasing living standards in the face of finite supplies. While the GCC benefits from the oil cycle, its heavy reliance on imports of most other key commodities is creating a particular set of policy challenges for the region.
Rapid income growth and economic development in the emerging economies has transformed the global commodity markets. With the available pool of natural resources typically finite in the case of hydrocarbons and metals, or at least inelastic in the short term in agricultural commodities and renewable energy, the supply side has struggled to keep pace with a dramatic increase in demand...........................................Full Article: Source
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