Saudi Arabia Economic Snapshot 2024
Click here to read our Saudi Arabia Economic Report and Investment Analysis 2024 online …
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Click here to read our Saudi Arabia Economic Report and Investment Analysis 2024 online …
A transformation is sweeping through Saudi Arabia’s legal landscape, marking a pivotal moment in the country’s journey towards modernisation and transparency. With a focus on aligning with global standards, Saudi Arabia is ushering in an era of reform that promises to reshape its legal system and redefine its role on the international stage. These changes are part of the broader Vision 2030 initiative,…
Businesses across Saudi Arabia face an evolving and increasingly complex tax environment as the Kingdom continues to diversify its economy under Vision 2030. With the introduction of value-added tax (VAT) in 2018, the implementation of excise taxes and the forthcoming zakat (a payment under Islamic law used for charitable or religious purposes) and income tax reforms, the regulatory landscape is rapidly…
Interview: Ibrahim Neyaz, CEO, National Technology Development Programme How does the development of the innovation ecosystem within the ICT sector contribute to the economic transformation outlined in Vision 2030? IBRAHIM NEYAZ: The innovation ecosystem within the ICT sector is essential to achieving the goals outlined in Vision 2030. This sector is a cornerstone for the country’s economic transformation,…
Interview: Salman Al Badran, CEO, Mobily How will 5G deployment in Saudi Arabia drive digital transformation in key non-oil sectors, and what strategies will accelerate its rollout? SALMAN AL BADRAN: The deployment of 5G in Saudi Arabia will drive digital transformation across key non-oil sectors like health care, education and manufacturing. In health care, 5G will improve access and efficiency…
Interview: Yaser Al Onaizan, CEO, National Centre for Artificial Intelligence In what ways can artificial intelligence (AI) and big data contribute to the objectives of Vision 2030? YASER AL ONAIZAN: Both AI and big data are central pillars of Saudi Arabia’s digital transformation. AI is critical to enhancing service delivery, particularly in health care and education. For example, AI can facilitate…
Interview: Joseph Rank, CEO for Saudi Arabia and Africa How localised is defence manufacturing, and what is the role of the private sector in this process? JOSEPH RANK: The private sector plays a vital role in Saudi Arabia’s defence manufacturing, as it is responsible for the actual production. The government can invest directly or through industrial participation programmes to incentivise this…
Interview: Alhamedi Alanezi, CEO and President, Arabsat How are advancements in satellite communication affecting global connectivity and the Kingdom’s ambitions in the aerospace sector? ALHAMEDI ALANEZI: Advancements in satellite communication are revolutionising global connectivity by enabling faster, more reliable data transmission across regions that were previously underserved or difficult…
Interview: Saleh Al Solami, CEO, Industrial Centre To what extent will advanced manufacturing technologies drive the next phase of industrial growth? SALEH AL SOLAMI: Advanced technologies, particularly automation and artificial intelligence (AI), will be pivotal in shaping the future of Saudi Arabia’s industrial landscape. These technologies are integral to the Kingdom’s ambition to establish…
Interview: Munir Eldesouki, CEO, King Abdulaziz City for Science and Technology What role do research and development (R&D) initiatives play in enhancing Saudi Arabia’s competitive edge in the global technology landscape? MUNIR ELDESOUKI: R&D initiatives are a key factor in strengthening the Kingdom’s competitive advantage across multiple vertical markets. If you analyse a value chain…