Billy FitzHerbert: ALL BLOG POSTS
Saudi Arabia's response to the Covid-19 pandemic was aided by sustained investments in health care and digital infrastructure, favourable demographics, and strong macroeconomic indicators prior to the outbreak. This latest report takes a closer look at how the country has mitigated the challenges so far, and focuses specifically on how the ICT sector has coped with rapid changes in demand and consumption patterns, as well as the emergence of new growth opportunities in the digital economy.
Four years after Saudi Arabia launched its Vision 2030 development strategy, the non-oil economy is benefitting from sustained reform as projects across a range of sectors come to fruition. Meanwhile, the country will become the first Arab nation to host the G20 Leaders’ Summit in November 2020, with the gathering set to address the unprecedented global economic challenges brought on by the Covid-19 pandemic in the first half of the year. The Kingdom entered 2020 on the back of modest 0.3% growth in 2019 and despite early challenges, the economic and social measures that have been introduced in recent years bode well for the country’s health in the medium to long term.