Overview

Vision 2030 drives expansion for banking lenders in Saudi Arabia
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The banking sector sits at the core of Vision 2030. Saudi banks are playing a growing role in supplying credit for giga-projects while also rapidly expanding their support for small and medium-sized enterprises (SMEs), which are important vehicles for Saudi Arabia’s economic diversification and bring more women into the labour market. Thanks to well-organised roadmaps, most notably the Financial…

Overview

Record listings in Saudi Arabia's capital markets signal transformative phase
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With initial public offerings (IPOs), bond and sukuk (Islamic bond) issuances surging and further buildout by the Kingdom’s non-oil economy, Saudi Arabia’s capital markets are currently going through an expansionary period. This change is a key pillar in the Kingdom’s long-term development plan, Vision 2030, which seeks to make the country a regional and international financial centre as part…

Overview

Regulatory reform underpins transformation in Saudi Arabia's health care sector
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Health care in Saudi Arabia is undergoing a period of rapid transformation, driven by demographic shifts and the ambitions of the Saudi Vision 2030 national development strategy. Government spending has risen to modernise infrastructure, diversify services and improve quality, while a comprehensive health care reform programme is expanding access across the country and introducing international standards.…

Overview

Increased visitor demand supports tourism growth in Saudi Arabia
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The tourism sector in Saudi Arabia has undergone a significant transformation since the launch of the government’s Vision 2030 national development strategy. Updated policies and higher investment in tourist infrastructure have driven the increase in visitor numbers. Meanwhile, the diversification of Saudi Arabia’s tourism sector through the development of strong business, resort and sports tourism…

Overview

Reforms in 2026 will reshape Saudi Arabia's insurance sector
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In recent years, Saudi Arabia’s insurance sector has shown strong premium, revenue, asset and equity growth. With a new insurance law on the way as of January 2026, the sector continues to both widen and deepen, while hosting two of the Middle East’s largest insurers: Bupa Arabia and Tawuniya. At the same time, Saudi Arabia is home to the world’s largest sharia-compliant insurance, or takaful…

Overview

Strengthened governance positions GCC's non-profit sectors as significant economic contributors
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Philanthropy has been a long-standing tradition in Saudi culture, and a wide range of non-profit organisations have emerged across the Kingdom. Traditionally, the approach to giving was informal and fragmented, both in terms of voluntary time and monetary donations. However, since the government included the non-profit sector in its Vision 2030 national development strategy, the sector has become gradually…

Overview

Utilities sector in Saudi Arabia transforms with privatisation
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The Saudi energy industry is entering a period of change. Multiple gigawatts of renewable electricity are coming online each year, helping to displace oil in domestic power generation and lower the carbon intensity of the energy mix, while carbon capture, utilisation and storage (CCUS) supports emissions mitigation across the power and utilities sector as part of the Kingdom’s multi-pathway approach.…

Overview

High-performance infrastructure unlocks investor potential in Saudi Arabia
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Saudi Arabia’s ICT and artificial intelligence (AI) sectors have emerged as central pillars of the Kingdom’s economic transformation agenda, reflecting the growing strategic importance of digital infrastructure, advanced technologies and data-driven growth under Vision 2030. Public investment and regulatory reform as well as e-government initiatives over the last decade have laid the foundations…

Overview

Saudi Arabia's industrial ecosystem shifts towards consolidation in strategic subsectors
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By the end of 2024 Saudi Arabia’s industrial trajectory had firmly transitioned into the second phase of the National Industrial Development and Logistics Programme (NIDLP), with non-oil activities contributing 55% to the Kingdom’s real GDP. As the industrial ecosystem solidifies its role as a primary engine for job creation, the mining sector has emerged as a critical third pillar in the country’s…

Overview

Selection of hotels in Saudi Arabia
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FAIRMONT RAMLA SERVICED RESIDENCES 7713 King Fahad Road Al Sahafah District Riyadh 13321 T: (+966) 11 224 4500 info.ramla@fairmont.com www.fairmont.com/ramla-riyadh Rooms: 249 furnished apartments, suites and a two-floor penthouse. Business & Conference Facilities: Five fully equipped meeting rooms and cinema room accommodating up to 10 guests. Health & Leisure Facilities:…