Analysis

Partnerships support Saudi Arabia's RDI strategy
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Saudi Arabia is undergoing a significant transformation under Vision 2030, the national agenda aimed at developing a diversified, knowledge-based economy and reducing the Kingdom’s reliance on fossil fuels. At the heart of this transformation is a focus on research, development and innovation (RDI), seen as a major catalyst for economic diversification and the generation of added value in the industrial…

Analysis

Advanced technologies shape manufacturing in emerging markets
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Amid the backdrop of dynamic shifts in global trade patterns and technological advancement, Industry 4.0 and artificial intelligence (AI) are substantially reshaping manufacturing landscapes in emerging markets. Although challenges exist for full implementation – including infrastructure and skill gaps – rapid urbanisation and a burgeoning young workforce in these countries drive demand for automation…

Analysis

Reduced oil production capacity supports Saudi Arabia's climate goals
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As oil markets rebounded in 2021 when the global economy began to recover from the Covid-19 pandemic, Saudi Arabia announced plans to increase its maximum sustainable oil production capacity from 12m to 13m barrels per day (bpd) by 2027. However, in January 2024 the Ministry of Energy scaled back these plans, opting to maintain capacity at 12m bpd. This shift aligns with the strategy of Vision 2030,…

Analysis

Saudi Arabia undertakes recycling and waste-to-energy projects
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In alignment with its Vision 2030 and Net Zero 2060 commitments, Saudi Arabia is transforming its waste management system to focus on sustainability and resource efficiency. Rapid industrialisation, population growth and urbanisation have made waste management a pressing concern. The Kingdom generates over 110m tonnes of waste annually, with 43% of the total coming from Riyadh, Jeddah and Dammam. Targets To…

Analysis

Sustainability focus boosting bottom lines globally
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As environmental, social and governance concerns become increasingly important in the corporate world, insurance companies are emerging as potentially key players in the shift away from fossil fuel-powered projects. The UN’s Net-Zero Asset Owner Alliance (NZAOA) reflects an ongoing change in the global industry towards the wider recognition of the risks associated with climate change. However, the…

Analysis

Sustainability transforming investment in emerging markets
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Impact investment – which is purposely designed to generate tangible social and environmental benefits alongside financial returns – presents promising risk-adjusted prospects. This type of investment not only provides value for investors, but can also greatly advance the UN Sustainable Development Goals. According to the Global Impact Investing Network (GIIN), the impact investing market has…

Analysis

How new regulatory frameworks attract FDI to Saudi Arabia
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Saudi Arabia has made substantial progress in attracting foreign investors to its capital markets in recent years, transforming the Kingdom into a key destination for global capital. Through a series of strategic reforms – including the easing of foreign ownership restrictions, the inclusion of Saudi stocks in major global indices and enhanced regulatory frameworks – the Kingdom has opened its…

Analysis

High demand for digital payment platforms in emerging markets
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Despite the ongoing macroeconomic and geopolitical headwinds experienced by the global economy, one area of the international financial system that has shown steady progression is digital payments. Since the Covid-19 pandemic, they have been spurred by a jump in remittance flows, and the greater availability of digital infrastructure and services, as well as higher demand for fast and seamless non-physical…

Analysis

Open banking rules streamline financial services in Saudi Arabia
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Open banking represents a transformative shift in the financial services industry, allowing third-party providers to access consumer financial data securely through application programming interfaces (APIs). This approach is reshaping the financial ecosystem and creating opportunities for banks and financial technology (fintech) companies to enhance their products, services and internal processes.…

Analysis

How AI can augment economic growth in Saudi Arabia
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Saudi Arabia identified the transformative power of artificial intelligence (AI) early on, recognising its potential to drive economic diversification, enhance efficiency across sectors and position the Kingdom as a global leader in cutting-edge technology. In 2020 under the directive of King Salman bin Abdulaziz Al Saud, the government introduced a comprehensive national strategy for data and AI,…