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Analysis

Why faith-based tourism is set to become a key segment worldwide
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As many as 330m people travel for religious reasons each year, according to a UN World Tourism Organisation estimate from December 2014, forming a significant market for countries with attractions of spiritual or sacred value. These trips include pilgrimages, as well as sightseeing trips to important historical and religious sites throughout the year. Additionally, a 2018 report by IGI Global stated…

Analysis

GCC promotes the region as a leading tourism destination
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In 2022 the Middle East witnessed the sharpest relative increase in international arrivals of any region in the world, solidifying its rebound from the disruption of the Covid-19 pandemic and further raising its profile as an increasingly attractive destination for inbound tourism. According to the UN World Tourism Organisation (UNWTO), in 2022 international arrivals in the Middle East recovered to…

Analysis

Digitalisation fuelling private investment in Saudi Arabia’s health care sector
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Saudi Arabia’s health care sector is in the midst of a period of rapid change, as regulatory efforts are made to enhance the participation of the private sector and create a more dynamic market that can better meet patients’ needs. One of the national health system’s four objectives is to invest in private sector integration to create effective strategic partnerships. This is outlined in the…

Analysis

Saudi Arabia turns to cooling technologies amid climate change
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With temperatures in cities set to rise in the coming decades, many public and private players in emerging markets are looking to tackle the challenge of extreme heat through technology, sustainable building techniques and the expansion of urban green spaces. Heat Consequences The Covid-19 pandemic helped spur the growth of smart cities, with national and municipal governments tapping into data-collection…

Analysis

Emerging markets target greater share of electric vehicle production
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With electric vehicles (EVs) set to become more accessible to drivers around the world – and solid growth trends attracting public and private investment – several emerging markets are looking to expand their EV manufacturing capacity. EV uptake is essential to the global energy transition, as transport remains the industry with the highest reliance on fossil fuels, producing an estimated 37% of…

Analysis

Saudi looks to global partnerships to fuel research, development and innovation
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Key public and private research, development and innovation (RDI) institutions are being harnessed to cultivate domestic and international partnerships designed to foster knowledge-sharing and skill transfer, and reinforce the innovation ecosystem in the Kingdom. Indeed, the Sustainable Partnerships Conference held in Riyadh in November 2022 resulted in 50 partnerships being signed between Saudi universities…

Analysis

How the GCC’s higher education institutions aim to boost patent filing
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In terms of the filing of international patents, 2022 was a record-breaking year, with higher education playinga significant role in driving innovation and expanding international practices regarding intellectual property (IP). The UNWorld Intellectual Property Organisation (WIPO) reported in February 2023 that 278,100 international patents had been filed globally in 2022, a 0.3% increase…

Analysis

Saudi Arabia looks to e-sports to boost ICT innovation, investment
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The Gulf presents a significant growth opportunity for the global gaming industry due to its young and tech-savvy population, extensive government support, and continued investment in tourism, hospitality and entertainment. According to the 2022 census, 63% of Saudi Arabia's population is under the age of 30, with the median age being 29; the average disposable income for Saudi nationals is also relatively…

Analysis

How the GCC is working to bolster cybersecurity
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With global geopolitical instability elevating the threat of cyberattacks against businesses and government agencies alike, the GCC is rapidly developing more robust and comprehensive cybersecurity strategies to respond to the evolving nature of such threats. Since experiencing their first major cyberattacks in the early 2010s, the six members of the GCC have looked at ways to bolster their cybersecurity…

Analysis

The MENA region is poised to lead global steel decarbonisation
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As global industry seeks to reduce or eliminate its carbon footprint, a number of MENA countries are investing in green steel production to capture market share and help meet emissions targets. Industry generates 20% of global greenhouse gas emissions annually, with the steel manufacturing segment accounting for the largest share, at 7%, due in part to a reliance on coal to heat smelting furnaces.…